Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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