An increase in supply for corn is greater in magnitude than the increase in the demand for corn. As a result, the equilibrium price will __________ and the equilibrium quantity will ___________.

Respuesta :

Answer:

Equilibrium price will DECREASE and equilibrium quantity will INCREASE

Explanation:

As a result Equilibrium price will decrease  and equilibrium quantity will increase.

What is equilibrium price and quantity?

Equilibrium price  can be defined as the point  were price of a product  and the demand for the product meet or intersect.

While on the other hand Equilibrium quantity occur when  quantity supplied equal quantity demand or when the goods or product in the market does not have excess or shortage.

Therefore As a result Equilibrium price will decrease  and equilibrium quantity will increase.

Learn more about equilibrium price and quantity here:https://brainly.com/question/22569960

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