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Using Supply/demand Analysis,explain the Reason That the Increased Production of Ethanol

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Essay

Using supply/demand analysis,explain the reason that the increased production of ethanol (a gasoline additive made from corn)is raising the price of tortillas (a type of bread made from corn).What effect would this price rise have on poor people?


Definitions:

Internal Locus

The belief that one has control over their life and outcomes, as opposed to external forces having that control.

Luck

The experience of notably positive, negative, or improbable events that are not attributable to one's own actions and are considered to be influenced by chance.

Fate

The development of events beyond a person's control, regarded as predetermined by a supernatural power.

Smiles

Facial expressions formed primarily by flexing the muscles at the sides of the mouth, often expressing happiness or pleasure.

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