A Technological Improvement Lowers the Cost of Producing Corn

question 75

Multiple Choice

A technological improvement lowers the cost of producing corn.As a result,the price of a pound of corn ________ and the quantity of corn ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases
• E) falls; does not change

---

Definitions:

Projected Percentage

An estimation or forecast of a percentage value in the future based on current trends or data analysis.

Cognition-Related Capacities

The abilities related to the processing of information, reasoning, memory, and problem-solving.

Long-Term Memory

The aspect of memory involved in the storage and retrieval of information over long periods, anything from hours to a lifetime.

Presbycusis

A gradual loss of hearing that occurs as people age.