Multiple Choice
Consider the market for corn.What happens if there is an increased demand for corn tortillas and,at the same time,a new corn seed becomes available that dramatically increases the yield per hectare?
A) Price and quantity decrease.
B) The change in price is indeterminate;quantity decreases.
C) The change in price is indeterminate;quantity increases.
D) Price increases;the change in quantity is indeterminate.
Correct Answer:
Verified
Correct Answer:
Verified
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