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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The solution discusses the impact of increased demand for corn on its prices and prices of its substitutes in 66 words.
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This program will definitely increase the demand for corn. Demand curve will shift towards ...
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