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The Changing Price of Corn
1. A long winter and a very rainy spring prevented many farmers in the Midwest from planting their corn crops.
A. Will the situation change the supply or change the demand for corn? Supply Demand
Supply
Demand
B. Will the situation cause the demand or supply to increase or decrease? Increase Decrease
Increase
Decrease
C. Will the situation result in an increase or decrease in the market price of corn? Increase Market Price Decrease Market Price
Increase Market Price
Decrease Market Price