If ethanol production is expected to increase the price of corn, U.S.
If ethanol production is expected to increase the price of corn, U.S. farmers will likely
A) shift the supply of corn to the left.
B) shift the supply of corn to the right.
C) reduce the production of corn by sliding down the corn supply curve, all else equal.
D) increase the production of corn by sliding up the corn supply curve, all else equal.
ANSWER
D
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