This BBC clip explains why the price of corn (and corn derived products) is rising and likely to continue rising
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6270000/newsid_6277800?redirect=6277809.stm&news=1&nbwm=1&nbram=1&bbwm=1&bbram=1 >
a) How would you describe the SUPPLY of corn available this year?
b) What has happened to DEMAND and which of the factors that effect demand have changed?
c) Draw a S&D diagram to show this effect
d) What will happen to the market over the next few years?
d) Draw a diagram and explain why the price of bread will increase
e) Draw a diagram and explain the effect of a subsidy on the bio-fuel market
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