Exhibit 4-3
-Consider Exhibit 4-3. Which of the following statements is most likely correct regarding the market for corn?
A) In 2008 the quantity purchased exceeded the quantity sold.
B) In 2008 the corn market was not in equilibrium.
C) The weather for corn production was probably better in 2010 than in 2009.
D) Between 2010 and 2011 both the supply and demand for corn must have increased.
E) Between 2009 and 2010 the demand for corn decreased.
Correct Answer:
Verified
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