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10 10 Demand Demand 200 400 650 800 1000 250 400 600 850 1000 Quantity Quantity Figure 3 13. Refer to Figure 3. Suppose Market

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10 10 Demand Demand 200 400 650 800 1000 250 400 600 850 1000 Quantity Quantity Figure 3 13. Refer to Figure 3. Suppose Market A (left) represents the market for corn in the short run and Market B represents the market for corn (right) in the long run. Large scale negative publicity about the health effects of high fructose corn syrup would have a larger effect on the price of corn in which market? Assume that the effect of negative publicity is the same in both the short and the long run. a) Market A b) Market B c) There will be an identical change in prices in both markets

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