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20 Mar 2018
43) The demand for corn increases. As a result, the price of corn , and the less elastic the supply of corn, the will be the effect on the price. A) falls; greater B) rises: smaller C) rises; greater D) falls; smaller E) None of the above because the change in the price is effected by the price elasticity of demand.
43) The demand for corn increases. As a result, the price of corn , and the less elastic the supply of corn, the will be the effect on the price. A) falls; greater B) rises: smaller C) rises; greater D) falls; smaller E) None of the above because the change in the price is effected by the price elasticity of demand.
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