Question

Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.

Answer 1

Answer:

switch away from growing soy beans and growing corn

Explanation:

if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.