Relating to the
Economics in Practice on page 252: Which of the following would be an expected result of increased government subsidies for ethanol, a fuel produced from corn?
◦ an increase in the price of gasoline made in part from ethanol
◦ an increase in the price of land used to farm corn
◦ decreases in the price of land used to farm grains other than corn
◦ a decrease in the production of corn relative to other grains