suppose that corn prices rise significantly. if farmers expect the price of corn to continue rising relative to other crops, then we would expect:

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30-11-2022
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suppose that corn prices rise significantly. if farmers expect the price of corn to continue rising relative to other crops, then we would expect:

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Tutorconsortium357 Tutorconsortium357 · Answer 1 · 2022-12-02T17:09:26+01:00

Suppose that corn prices (those received by way of the farmer) rise significantly. If farmers count on the price of corn to continue rising relative to other crops, then we would expect: the supply to make bigger as farmers plant extra corn.

What does the rate of corn affect?

Since corn is the biggest product crew within this industry, changes in corn costs have a direct effect on revenue. Since wholesalers mostly pass by on elevated fees to downstream markets, the rising rate of corn is a tremendous impact on this industry. The fee of corn is expected to enlarge in 2021.

In supply, wheat and corn are alternative products. So, when the charge of wheat decreases, the producers of wheat will limit the production of wheat and shift to producing corn, which will expand the furnish of corn.

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suppose that corn prices rise significantly. if farmers expect the price of corn to continue rising relative to other crops, then we would expect:

Respuesta :

What does the rate of corn affect?

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