The accompanying graph represents a hypothetical corn market. Suppose a significant number of corn farmers react to market priced in a manner indicated by the Washington Corn Market Post article "The Downsides of Cheap Corn." a. Illustrate how the change in the number of farmers impacts the corn market in the accompanying graph b. What happens to equilibrium price after the shift? Inconclusive Price increases OPrice decreases D Price stays the same. Quantity (bushels) c. What happens to equilibrium quantity after the shift? Quantity decreases Quantity increases Inconclusive O Quantity stays the same O O O O Price ($)

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