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Business, 05.03.2021 21:10 catPIE2473

​Ethanol, a​ fuel, is made from corn. Ethanol production increased 5.5 times from 2000 to 2008 and another​ 34% from 2008 to February 2013​. What effect did this increased use of corn for producing ethanol have on the price of corn and the consumption of corn as​ food? a. Use the line drawing tool to draw a new demand curve.
b. Use the point drawing tool to indicate the new market equilibrium.

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​Ethanol, a​ fuel, is made from corn. Ethanol production increased 5.5 times from 2000 to 2008 and a...
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