Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:

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Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:

A. The demand for soybeans should increase

B. The supply of soybeans should increase

C. The demand for soybeans should decrease

D. The supply of soybeans should decrease

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An increase in the demand for corn would raise the price of corn, causing some farmers to grow corn instead of soybeans. This reduces the supply of soybeans.}

Accepted Answer

D. The supply of soybeans should decrease

Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:

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