Relating to the Economics in Practice on page 252: Subsidies for ethanol, a fuel produced from...
Relating to the Economics in Practice on page 252: Subsidies for ethanol, a fuel produced from corn, have affected the market for
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farm land. |
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corn. |
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wheat. |
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All of the above are correct. |
Homework Answers
As we all know that ethanol is a byproduct of corn which means if there is a huge supply of corn then there will be more production of ethanol.
For this, there is a need to produce more and more corn so be having subsidies by the government the most affected market will be for the corn.
wheat is totally irrelevant as it is not used for producing ethanol
So the answer is option B
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Relating to the Economics in Practice on page 252:
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