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The increased demand for corn to be used in ethanol is drive

Paper help Economics The increased demand for corn to be used in ethanol is drive

Economics

The increased demand for corn to be used in ethanol is drive

The increased demand for corn to be used in ethanol is driven in large part by nearly $10 billion in… Show more The increased demand for corn to be used in ethanol is driven in large part by nearly $10 billion in government subsidies. Consider three groups of people: – Consumers (who are also taxpayers) – Commodity farmers (who can plant either corn or wheat) – Cattle ranchers (who buy corn or wheat to feed to livestock) Of these groups, who gains and who loses as a result of these subsidies? A. Farmers gain; consumers and ranchers lose. B. None of these groups gains anything; the only ones to benefit are the ethanol-producing companies. C. Farmers and consumers gain; ranchers lose. D. Farmers and ranchers gain; consumers lose • Show less

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