Asked by
Brooklyn Crummett
on Nov 25, 2024Verified
When the government pushes for expanded use of corn, such as requiring ethanol from corn to be used as an additive to gasoline, the impact in the market is that the supply of corn decreases.
Ethanol
A volatile, flammable, colorless liquid alcohol used as a fuel additive and in alcoholic beverages.
Government
The organization or system through which a community, state, or nation is governed and regulatory policies are implemented.
- Grasp the effects of government interventions, like subsidies or price ceilings, on market supply and demand.
Verified Answer
LT
Learning Objectives
- Grasp the effects of government interventions, like subsidies or price ceilings, on market supply and demand.
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