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If the demand for corn increases due to its use as an alternative energy source,

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answer 400 word apa style;[1] If the demand for corn increases due to its use as an alternative energy source, what will happen to the supply of corn's substitute such as soybean? Assume that, besides being substitutes for one another, corn and soybeans require the same raw material, such as the same farm land. Think about whether farmers will use their soybean farms to produce more or less corn. Explain, in economic terms [e.g. supply determinants], why this is so. [2] What will happen to the price of corn oil? [3] How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.;This is the same question I'm asking but was denied, which I'm a premier member, for an assignment due today. I see this question earlier and my status would not even let me open the document(519837 eco doc)to review the answer. What's the problem?;- Sent to Economics Expert Tutor on 1/15/2011 at 8:42am;I can do this, Can I get the information from the economics document I stated earlier, this will be easier on you and myself because it will give me guidance on which way to go but I can't retrieve the document. Please advise1

 

Paper#30643 | Written in 18-Jul-2015

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