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(Solved): Suppose the demand for corn grown in lowa is perfectly elastic. Due to a fall in cost, if the supply ...
Suppose the demand for corn grown in lowa is perfectly elastic. Due to a fall in cost, if the supply of corn grown in lowa increases, then the price of corn grown in lowa
q,and the quantity of corn grown in lowa
q,falls; decreases falls; increases None of these answers are correct. rises; increases rises; decreases
