?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Difficult

Supply and Demand: Corn Tortilla Chips

APMICR-ILBEDB

Corn is an input in the production of tortilla chips. Consumers begin to consider pita chips and rice cakes to be substitutes for tortilla chips. Based on this information, which of the following is most likely?

A

The supply of corn will increase.

B

The supply of corn will decrease.

C

The elasticity of demand for tortilla chips will decrease.

D

The elasticity of demand for corn will increase.

E

The elasticity of demand for corn will decrease.