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borteleto borteleto
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Posts: 2477
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6 years ago
Most corn produced in the United States is used for animal feed. The demand for corn is inelastic. These facts mean that
A) there are many substitutes for corn in feeding animals.
B) there are few substitutes for corn in feeding animals.
C) there are no substitutes for corn in feeding animals.
D) animals are not buying the corn themselves, so we cannot learn anything from these facts.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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wrote...
6 years ago
 B
borteleto Author
wrote...
6 years ago
Makes more sense now, have a good weekend!
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