jlawflores1313 jlawflores1313

04-06-2024
Business

Answered

If the price of agricultural land decreases, everything else being equal, the supply of corn increases.
O True
O False

Verified Answer :

GinnyAnswer GinnyAnswer

04-06-2024

Final answer:

When agricultural land prices decrease, the supply of corn increases, making the statement true.

Explanation:

True. When the price of agricultural land decreases, farmers may opt to switch to growing crops like corn that they perceive as more profitable due to the lower land cost. This increase in land dedicated to corn cultivation leads to an increase in the supply of corn.

Learn more about Agricultural Economics here:

https://brainly.com/question/30763870

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