In each of the following circumstances, what would happen to the price and the quantity consumed of

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In each of the following circumstances, what would happen to the price and the quantity consumed of corn?

a. The price of fertilizer goes up.

b. The price of wheat goes up.

c. An epidemic wipes out half the population.

d. The wages of industrial workers go up.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 07:13 AM

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In each of the following circumstances, what would happen to the price and the quantity consumed of

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a Supply falls so price rises and quantity falls b Demand rises so price ...View the full answer

Price theory and applications

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