Over a six-month period in 2007, the price of corn increased by almost 70% as a result of increased demand for ethanol biofuel. a. As a result of the price increase in corn, the of corn would . At the same time, the amount of acreage used in corn production would
b. Which of the following would be the most likely cause of the change in the amount of acreage used in corn production?
A. The higher price signals suppliers that corn is becoming more valuable.
B. Consumers directly inform suppliers of the increased demand for corn.
C. The government mandates that U. S. corn producers increase the acreage they devote to corn production to keep up with demand.
D. Economists publish reports in trade magazines informing farmers of the increased demand for corn.

a. As a result of the price increase in corn, the supply of corn would increase. At the same time, the amount of acreage used in corn production would increase.

b. The most likely cause of the change in the amount of acreage used in corn production is:

A. The higher price signals suppliers that corn is becoming more valuable.

Explanation:

With corn as the major ingredient for the production of ethanol biofuel the demand and supply of corn increase to match with the increasing price.  Suppliers, on their part, increase production by utilizing more acreage of land devoted for corn production.  This is the typical interplay between the market forces that drive market equilibrium.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; erp systems;