An economic model used to analyze the market for wheat will also be useful to analyze the market for
A) electricity.
B) gasoline.
C) automobiles.
D) corn.
E) education.

Question

Quizplus · Accepted Answer

Since wheat and corn are both agricultural commodities, an economic model used to analyze the market for wheat can also be applied to the market for corn. Choices A, B, C, and E involve goods or services in different markets that are not directly related to wheat.

An Economic Model Used to Analyze the Market for Wheat