Farmers can plant either corn or soybeans in their fields

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Farmers can plant either corn or soybeans in their fields. Suppose that a new technology for converting corn into liquid fuel increases the demand for corn. Which of the following is most likely to? occur?

A. The supply of corn increases and the supply of soybean will decrease.

B. The quantity supplied of corn increases and the quantity supplied of soybeans will decrease.

C. The quantity supplied of corn increases and the supply of soybeans will decrease.

D. The price of soybeans will fall and the price of corn will rise.

Reference no: EM131244539

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