Farmer Brown plants both soybeans and corn. If the price of soybeans increases and the price of corn remains the same, what do you expect to happen to the amount of acreage that he devotes to planting each crop?

How does your answer help to explain the law of supply?

Does the supply curve of corn or soybeans shift?

Use graphs to illustrate your answer.

Answers should explain the following:

Explain the behavior of sellers and how it can be characterized through supply functions

Explain the difference between a shift in supply and a movement along the supply curve

Be sure to reference at least one scholarly source to support your answer.