How Is the Market for Corn (A Substitute for Wheat)affected

question 198

Multiple Choice

How is the market for corn (a substitute for wheat) affected by a positive technological change in the production of disease-resistant wheat caused the price of wheat to fall, holding everything else constant?

• A)The supply of corn would decrease and the equilibrium price of corn would increase.
• B)The demand for corn would increase and the equilibrium price of corn would increase.
• C)The demand for corn would decrease because consumers could afford to buy less wheat and less corn.
• D)The demand for corn would increase and the equilibrium price of corn would decrease.

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Definitions:

Dosage

The specific amount of medication prescribed to be taken at one time or over a specified period, vital for achieving desired therapeutic effects.

Malpractice Lawsuit

A form of legal action taken against a medical professional or entity for performing below the standard of care, causing injury or death to a patient.

Alter or Falsify

The unethical and illegal action of changing or fabricating data, records, or documents.

Fractured Hip

A break in the upper portion of the femur (thigh bone) near the hip joint, often resulting from falls or direct impacts.