A combination of high crude oil prices and government subsidies for ethanol have led to a sharp increase in the demand for corn in recent years. How will this increase in demand for corn inuence

(a) the price of corn;

(b) the quantity of corn supplied;

(c) the cost of producing soybeans and wheat, crops that are often produced on land suitable for production of corn;

(d) the price of cereals, tortillas, and other products produced from corn; and

(e) the price of beef, chicken, and pork, meats produced from animals that are generally fed large quantities of corn? Explain each of your answers.