Examlex

Solved

Last Year the Price of Corn Was $3 a Bushel

question 161

Multiple Choice

Last year the price of corn was $3 a bushel and the quantity of corn demanded was 10 million bushels. This year the price of corn was $4.00 a bushel and the quantity demanded was 12 million
Bushels. Is this evidence that the law of demand does not apply to corn?


Definitions:

Dynamics

The branch of physics concerned with the study of forces and their effects on motion.

Illustrated

Described or explained with pictures or diagrams.

Reconsolidation

A process by which previously consolidated memories are recalled and then stored again for long-term memory, potentially altering the memory.

Memory

The faculty by which the mind stores and remembers information.

Related Questions