Corn prices jump after latest USDA report
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The government is concerned about the volatility in corn prices. They are considering putting a cap on the price of corn at 1$ a bushel. Currently the market price is $5. Draw a supply and demand graph that would illustrate what the government is considering. Then show on the graph and explain a potential consequence of their policy choice.
The government is concerned about the volatility in corn prices. They a…
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