Question

the price of corn increases. what will happen to the supply of corn? no change

Explanation:

Step1: Recall supply - price relationship

According to the law of supply, ceteris paribus, when the price of a good increases, producers are more willing to supply the good.

Step2: Apply to corn

When the price of corn increases, producers will want to earn more profit, so they will increase the quantity supplied of corn.

Answer:

The supply of corn will increase.