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