The Changing Price of Corn

Here's an opportunity to use your understanding of the factors that influence supply and the factors that influence demand! Check out the three situations below, and apply all three to each question. For each situation, assume that there are no other changes.

For each situation...

1. Determine whether the situation will change the supply or change the demand for corn.
2. Determine whether the situation will cause the demand or supply to increase or decrease.
3. Determine if the situation will result in an increase or decrease in the market price of corn.

All three questions on each page must be answered correctly to continue.