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MMLU / Corn is exchanged in a competitive market. Which of the following definitely…

Problem

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question

Corn is exchanged in a competitive market. Which of the following definitely increases the equilibrium price of corn?

choices

  1. Both supply and demand shift rightward.
  2. Both supply and demand shift leftward.
  3. Supply shifts to the right; demand shifts to the left.
  4. Supply shifts to the left; demand shifts to the right.

subject

high_school_macroeconomics

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Official source

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