Business, 07.07.2020 18:01, Hali07

Subsidies and the renewable fuel standard led to an increase in the demand for corn (which can be used to produce ethanol). Which of the following general equilibrium effects resulted from this increase? a. an increase in the price of beef (from corn-fed cows).
b. all of the listed choices resulted from these policies.
c. an decrease in the price of farmland.
d. an decrease in the price of corn.

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Subsidies and the renewable fuel standard led to an increase in the demand for corn (which can be us...