The description of the process of "the corn failure caused the
corn market price to rise" ()
A: The decrease in corn supply has caused a decrease in corn demand.
B: The decrease in corn supply has caused a decrease in corn qantity
demanded.
C: The decrease in corn supply has caused a decrease in corn demand.
D: The decrease in the quantity supplied of corn causes a decrease in
the quantity demanded for corn.
corn market price to rise" ()
A: The decrease in corn supply has caused a decrease in corn demand.
B: The decrease in corn supply has caused a decrease in corn qantity
demanded.
C: The decrease in corn supply has caused a decrease in corn demand.
D: The decrease in the quantity supplied of corn causes a decrease in
the quantity demanded for corn.
举一反三
- Which of the following would increase the supply of corn? A: a decrease in the price of wheat B: an increase in the price of pesticides C: a severe drought in the corn belt D: a decrease in the demand for corn E: a fall in the price of corn
- The demand for corn increases. As a result, the price of corn will ________, and the less elastic the supply of corn, the ________ will be the effect on the price. A: fall; smaller B: fall; greater C: rise; smaller D: rise; greater
- If corn farmers know that the demand for corn is inelastic, and they<br/>want to increase their total revenue, they should all: () A: plant<br/>more corn so that they would be able to sell more each year. B: increase<br/>spending on fertilizer in an attempt to produce more corn on the<br/>acres they farm. C: reduce<br/>the number of acres they plant in corn. D: contribute<br/>to a fund that promotes technological advances in corn production.
- Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply
- Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk? A: an increase in equilibrium quantity B: a decrease in equilibrium quantity C: a decrease in equilibrium price D: an increase in equilibrium price.