3. How will the invisible hand move corn prices in response to: a. a flood that destroys...

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3. How will the invisible hand move corn prices in response to:

a. a flood that destroys a great deal of the corn crop?

b. a rise in the price of wheat (a substitute for corn)?

c. a change in consumer tastes away from corn dogs toward hot dogs?

d. an increase in the number of demanders in the corn market?

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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