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

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The study of economics just in theoretical way is called:
  2. In the range of excess capacity, the average costs are:
  3. Under price discrimination, the buyers must:
  4. Under Bandwagon effects, people use those goods which are used by their:
  5. If money income is given then consumer is in equilibrium when:
  6. Under monopolistic competition, the firms compete alongwith:
  7. Production function relates:
  8. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  9. In joint-profit maximization cartel, the distribution of profit is:
  10. The short run cost curve is U shaped because of:
  11. Duopoly is a market where there are:
  12. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  13. Which of the following is not a feature of isoproduct curves?
  14. In 1890, Principles of Economics was written by:
  15. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  16. Identify the author of The Affluent Society?
  17. In income effect, we:
  18. In the case of complements, the cross demand curve slopes:
  19. Which of the following oligopoly models is concerned with the maximization of joint profits?
  20. If two goods are complements then indifference curve (IC) will be:
  21. Moving down along a linear demand curve:
  22. Any straight line supply which cuts the x-axis will have:
  23. The Lambda or Langrange Multiplier is a:
  24. The largest possible loss that a firm will make in the short run is:
  25. Marginal utility equals:
  26. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  27. Price discrimination is possible:
  28. Under which of the following forms of the market structure does a firm have no control over the price…
  29. If the price of coffee increases, you would predict that:
  30. Time Preference Theory of Interest was presented by: