Advanced Placement (AP), 12.03.2021 17:50, carog24

Land in the United States can be used to produce either soybeans or corn. The price of soybean fertilizer has fallen due to cheaper imports from China. What will change for soybeans and corn?
Choose 1

(Choice A)
A
Supply of both corn and soybeans will increase

(Choice B)
B
Supply of soybeans will decrease and supply of corn will increase

(Choice C)
C
Supply of soybeans will increase and the supply of corn will decrease

(Choice D)
D
Quantity supplied of corn and quantity supplied of soybeans will both increase

(Choice E)
E
Quantity supplied of corn and quantity supplied of soybeans will both decrease

Answers: 1

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Land in the United States can be used to produce either soybeans or corn. The price of soybean ferti...