Suppose a Method Was Discovered to Cheaply Convert Corn into a Fuel

question 109

Multiple Choice

Suppose a method was discovered to cheaply convert corn into a fuel for automobiles that got better gas mileage than gasoline and caused less damage to the internal combustion engine.As a result,we would expect that

• A)the equilibrium price of corn would increase and equilibrium quantity would decrease.
• B)the equilibrium price and quantity of corn would decrease.
• C)the equilibrium price of corn would decrease and equilibrium quantity would increase.
• D)the equilibrium price and quantity of corn would increase.

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Definitions:

CAT Scan

Short for Computerized Axial Tomography Scan, a medical imaging technique that combines multiple X-ray measurements to generate detailed cross-sectional images of the body, including slices of the brain.

X-rays

A form of electromagnetic radiation that can pass through many materials, including the human body, and is used in medical imaging to create pictures of the inside of the body.

Visualization

The process of creating mental images to represent information, objects, or spaces for the purpose of problem-solving or understanding.

Transcranial Magnetic

Referring to a non-invasive method that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of various neurological and psychiatric conditions.