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olya-2409 [2.1K]
3 years ago
8

Last year the price of corn was $3 a bushel and the quantity of corn demanded was 10 million bushels. this year the price of cor

n was $4.00 a bushel and the quantity demanded was 9 million bushels. is this evidence that the law of demand does not apply to corn?
Business
1 answer:
lara31 [8.8K]3 years ago
8 0
You would have to divide the number of bushels by the price.
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2 years ago
Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.
nirvana33 [79]
Consumer and producer surplus.
6 0
2 years ago
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IRISSAK [1]

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4 years ago
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