if the demand for corn increases due to its use as analternative energy source w

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if the demand for corn increases due to its use as analternative energy source what will happen to the supply of cornssubstitute such as soybean? Assume that besides being substitutesfor one another corn and soybeans require the same raw materialsuch as the same farm land. Think about whether farmers will usetheir soybean farms to produce more or less corn. Explain ineconomic terms [e.g. supply determinants] why this is so. [2] Whatwill happen to the price of corn oil? [3] How does the priceelasticity of demand for corn oil influence the quantity-demandedof corn oil and the Total Revenue earned by sellers of corn oil?Explain using economic terms why this is so.

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