If the Price of Corn Is Rises, We Would Expect

question 1

Essay

If the price of corn is rises, we would expect:
A.the quantity of corn demanded to rise.
B.the quantity of corn supplied to rise.
C.the demand for corn to shift inward.
D.the supply of corn to shift outward.

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Definitions:

Statutory Laws

Laws that are written and enacted by a legislative body, such as a parliament or congress, as opposed to common law or regulatory law.

Legislative Bodies

Institutions within the government responsible for making, amending, or repealing laws in a given country or jurisdiction.

Environmental Shifts

Significant changes in environmental conditions, such as climate, ecosystems, or biodiversity, often resulting from natural processes or human activities.

Biodiversity

The range of different life forms, including plants, animals, fungi, and microorganisms, as well as the ecosystems they inhabit.