16. If a farmer could plant either com or wheat (substitute goods) on the same plot...
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16. If a farmer could plant either com or wheat (substitute goods) on the same plot of land, a shift in the supply curve for corn will take place when, ceteris paribus: The price of corn changes. The price of wheat changes. The demand curve for com changes. All of the above. 16. If a farmer could plant either com or wheat (substitute goods) on the same plot of land, a shift in the supply curve for corn will take place when, ceteris paribus: The price of corn changes. The price of wheat changes. The demand curve for com changes. All of the above.
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All of the above Since corn and wheat are substitutes farmers can produce only one good ... View the full answer
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