When the price of corn increases, the increase in quantity supplied will be greater in the long run than the short run.

Name: When the price of corn increases, the increase in quantity supplied will be greater in the long run than the short run.
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Question

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In the long run, producers have more time to adjust their production processes, acquire more resources, and increase capacity, leading to a greater increase in quantity supplied in response to a price increase compared to the short run.

When the Price of Corn Increases, the Increase in Quantity