Researchers Have Found a Hybrid of Corn That Is Cheaper

question 132

Multiple Choice

Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough

• A) increases the demand for corn.
• B) decreases the supply of corn.
• C) increases the supply of corn.
• D) Both answers A and C are correct.
• E) Both answers A and B are correct.

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Definitions:

Menkaure

An ancient Egyptian pharaoh of the Fourth Dynasty, known for his pyramid at Giza and contributions to Old Kingdom architecture and statuary.

Indifference Curves

Graphical representations in economics showing combinations of goods that give the consumer equal satisfaction and utility.

Bundle

In economics, a combination of goods or services that is sold together as a single package, often for a price lower than the sum of the individual components.

Scones

Scones are a type of baked goods, originating from the United Kingdom, often lightly sweetened and served with tea.