Suppose That the Corn Market Is Purely Competitive

question 79

Multiple Choice

Suppose that the corn market is purely competitive.If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the market's

• A)supply curve will shift to the left.
• B)supply curve will shift to the right.
• C)demand curve will shift to the left.
• D)demand curve will shift to the right.

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Definitions:

Joint

A point where two bones meet in the body, enabling movements and providing support.

Movement

The act or process of moving; changes in position or location.

Connection

The point at which two or more things are joined or the relationship between them.

Abduction

The action of moving a limb or different body part away from the body's central axis or away from another body part.