(Solved): Question 14 1 pts Suppose the demand for corn grown in lowa is perfectly elastic. Due to a fall in c ...

Question 14 1 pts Suppose the demand for corn grown in lowa is perfectly elastic. Due to a fall in cost, if the supply of corn grown in lowa increases, then the consumer surplus of corn grown in lowa

and the producer surplus of corn grown in lowa

thes: falls falle thes rises, rises fatter fatts does not change; rises