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Consider the market for corn. Which events below will cause a rightward shift in the supply curve? A drought hits corn-growing regions. The government announces a new subsidy for biofuels made from corn. A global recession reduces the incomes of consumers in poor countries, who rely on corn as a staple food (assuming corn is a normal good). A new hybrid variety of corn seed causes a 15 percent increase in the yield of corn per acre. An advertising campaign by the beef producers' association highlights the health benefits of corn-fed beefStep by Step Solution
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