David Ricardo, a nineteenth-century economist, wrote "The price of corn is not high because a rent is paid, but a rent is paid because the price of corn is high." Explain this statement in the context of supply and demand.

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The Answer of David Ricardo, a nineteenth-century economist, wrote "The price of corn is not high because a rent is paid, but a rent is paid because the price of corn is high." Explain this statement in the context of supply and demand.

David Ricardo, a Nineteenth-Century Economist, Wrote "The Price of Corn