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    Effect of Increased Demand of Corn on Prices

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    Ethanol is again viewes as one part of solution to the petroleum products. Ethanol is made from a blend of gasoline and alcohol derived from corn. What would you expect the impact of this program to be on price of corn, soybeans and wheat.

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    This program will definitely increase the demand for corn. Demand curve will shift towards ...

    Solution Summary

    The solution discusses the impact of increased demand for corn on its prices and prices of its substitutes in 66 words.