Abstract: This 6 page paper answers 3 questions set by the student, assessing the impact of demand and price on corn if it is found to be a suitable source for energy production, assesses the implications for demand and price on substitute products and considers the potential decisions made by farmers if corn and the substitutes all need the same inputs. The last part of the paper looks at the way the changes in price and revenue may be assessed under the concept of elasticity. The bibliography cites 3 sources.
Filename: TEcornqu.rtf
Pages: 6
Catagory: Money & Banking / Corporate Finance
Subcatagory: Accounting & Personal Finance
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