A Decrease in the Price of Corn Signals to Consumers

question 20

Multiple Choice

A decrease in the price of corn signals to consumers and producers that:

• A)consumers are buying more corn than before.
• B)corn is relatively more abundant than before.
• C)corn is relatively less abundant than before.
• D)producers are stocking up on corn.
• E)producers are more willing to supply corn in the current period.

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Definitions:

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