High-fructose corn syrup,which is derived from corn,is an important ingredient in the production of many soft drinks.If the price of corn increases,one would expect the:
A)supply curve for soft drinks to shift left.
B)quantity supplied of soft drinks to increase.
C)demand for soft drinks to increase.
D)supply curve for soft drinks to shift right.

Question

Quizplus · Accepted Answer

If the price of corn increases, it would lead to an increase in the cost of production for soft drinks, which would shift the supply curve for soft drinks to the left. This means that less quantity of soft drinks would be supplied at every given price.

High-Fructose Corn Syrup,which Is Derived from Corn,is an Important Ingredient