If the price of fertilizer, an input in corn production, were to increase.  Which of the following would be expected to occur?Question 26Select one:a.The supply of corn would increase, increasing the price of corn.b.Economic theory provides no clue of what would happen.c.The demand for corn would decrease, decreasing the price of corn.d.The demand for corn would increase, increasing the price of corn.e.The supply of corn would decrease, increasing the price of corn.

If both population and per capita income increase. Which of the following is likely to occur?Question 16Select one:a.Housing prices will stay the same since demand and supply are not affected.b.Demand for housing will increase, so housing prices will increase.c.Demand for housing will increase, so housing prices will decrease.d.The supply of housing will decrease, so housing prices will increase.e.The supply of housing will increase, so housing prices will decrease.

Question 13An increase in the price of corn, an input in the production of ethanol, will _________ the market price and ________ the market quantity of ethanol.1 pointIncrease; increaseIncrease; decreaseNone of the other choices is correct.Decrease; increaseDecrease; decrease

Consider the market for gas. Which of the following changes would most likely lead to a decrease in supply?Group of answer choices(a) An increase in the price of petrol cars.(b) A major gas pipeline unexpectedly shutdown(c) The cost of gas production increases.Both a and b are correct.Both b and c are correctNone of the options in this list.

Which of the following would likely result in an increase in the demand for beef (assume beef is a normal good)?Group of answer choicesA decrease in the supply of beefAn increase in family incomesAn increase in the price of feed grains for cattleA decrease in the price of pork

Which of these results in an increase in both price and quantity?A.A demand increaseB.A supply increaseC.A demand decreaseD.A supply decrease