Consider the market for corn.What happens if there is an increased demand for corn tortillas and at the same time a new corn seed becomes available that dramatically increases the
per-acre yield?
A.Price and quantity decrease.
B.The change in price is indeterminate; quantity increases.
C.Price increases; the change in quantity is indeterminate.

Question

Quizplus · Accepted Answer

The Answer of Consider the market for corn.What happens if there is an increased demand for corn tortillas and at the same time a new corn seed becomes available that dramatically increases the
per-acre yield?
A.Price and quantity decrease.
B.The change in price is indeterminate; quantity increases.
C.Price increases; the change in quantity is indeterminate.

Consider the Market for Corn