Home / Expert Answers / Economics / competition-among-corn-producers-forces-them-to-use-the-best-technology-and-right-mix-of-productive-pa233

(Solved): Competition among corn producers forces them to use the best technology and right mix of productive ...



Competition among corn producers forces them to use the best technology and right mix of productive resources; otherwise their costs will be too high relative to the market price and they will be unprofitable. This is best described as Blank______. Multiple choice question. the law of supply substitution in production investment in physical capital goods energy efficiency productive efficiencyA decrease in demand while holding supply constant results in Blank______. Multiple choice question. an increase in both equilibrium price and quantity a decrease in equilibrium price and an increase in equilibrium quantity a decrease in both equilibrium price and quantity an increase in equilibrium price and decline in equilibrium quantity



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe