In the table given below,which of the following statements is correct regarding the market for corn? Table 4.2
A) In 2008,there was an excess supply of corn in the economy.
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 by the same amount.
E) Between 2009 and 2010,the demand for corn decreased.
Correct Answer:
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