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Multiple Choice Question Assume the domestic price of corn is $1.00 and the quantity of corn produced is 100 tons. If the world price of

Multiple Choice Question Assume the domestic price of corn is $1.00 and the quantity of corn produced is 100 tons. If the world price of corn exceeds $1.00, then U.S. producers will produce Blank______ than 100 tons of corn, creating a Blank______ that will be Blank______. Multiple choice question. less; shortage; exported less; shortage; imported more; surplus; imported more; surplus; exported

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