Which of the following would increase the supply of corn?
A: a decrease in the price of wheat
B: an increase in the price of pesticides
C: a severe drought in the corn belt
D: a decrease in the demand for corn
E: a fall in the price of corn
A: a decrease in the price of wheat
B: an increase in the price of pesticides
C: a severe drought in the corn belt
D: a decrease in the demand for corn
E: a fall in the price of corn
举一反三
- The description of the process of "the corn failure caused the<br/>corn market price to rise" () A: The decrease in corn supply has caused a decrease in corn demand. B: The decrease in corn supply has caused a decrease in corn qantity<br/>demanded. C: The decrease in corn supply has caused a decrease in corn demand. D: The decrease in the quantity supplied of corn causes a decrease in<br/>the quantity demanded for corn.
- The demand for corn increases. As a result, the price of corn will ________, and the less elastic the supply of corn, the ________ will be the effect on the price. A: fall; smaller B: fall; greater C: rise; smaller D: rise; greater
- Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply
- As a result of running high temperature this summer in the south of China, the corn crop declined sharply. If corn growers experienced an increase in sales revenue, the demand for corn must be ( ) A: price elastic. B: price inelastic. C: unitary elastic. D: perfectly inelastic.
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good