Question

Provide and explain at least three examples in which a determinant (shifter) could the cause the supply of corn in the US to increase and/or decrease.

All answers MUST be written in complete sentences.

Answer 1

Step-by-step explanation:

Determinant 1: There is a new fertilizer that reduces the unhealthy crops. This will increase the total units of corn and so the supply will increase and shift to the right.

Determinant 2: There is an unexpected long winter season that unable farmers to harvest. There will be a decrease in the total units of corn , the supply for corn will reduce and will shift to the left.

Determinant 3: Government announces a tax benefit per unit of corn produced. This will lead to an increase in corn production, the supply will increase and shift to the right.