(Corn is a resource used in making ethanol gasoline. Ethanol is a substitute for unleaded gasoline. Based on this information, answer the question below by)

1) Question: What will happen to the market for corn if doctors supply new research saying eating an ear of corn a day will reduce the risk of getting cancer by 90%?

Drawing and labeling a supply and demand graph

(Show any curve shifts)

2) Question: As a result of your market conclusions in the previous question, show what will happen to the market for ethanol.

Draw and label a supply and demand graph

(Show any curve shifts)

3) Question: As a result of your market conclusions from question 2, show what will happen to the market for unleaded gasoline.

Draw and label a supply and demand graph