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Hill corn will most likely decrease because consumers want less corn. This will Corn Market: High Price High Price Four Options Jar Economics shift the

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Hill corn will most likely decrease because consumers want less corn. This will Corn Market: High Price High Price Four Options Jar Economics shift the demand curve Mentor James' Costs inward/leftward, as in Point C. James' Costs Correct Answer: MC Point C 5 James, how will this change affect your profit-maximizing number of bushels? Kim Good question. Let's review my 3 costs again. ATC James 2 If the demand for corn decreases and the new market price is $3 per bushel, how does this change your profit Kim maximizing output level? 2 4 6 8 10 12 14 16 Quantity of Bushels (in hundreds) My profit maximizing output level will increase. My profit maximizing output level will decrease. Submit

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