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over the next several years the number of corn producers is expected to increase. as a result, the supply of corn will and the supply curve of corn will .

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Over the next several years the number of corn producers is expected to increase. as a result, the supply of corn will increase

What is demand and supply ?

Supply is the quantity of items producers are willing to offer, and demand is the number of goods and services consumers are willing to purchase at a given price. The price of products and services is determined by supply and demand. If there is a shortage and a great demand, the price will increase.

  • The amount of a commodity that the producers make accessible to the purchasers or consumers at a given price is known as the supply. Demand is the consumer's desire, willingness, and financial capacity to purchase the good or service.

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