Exhibit 4-3 -Consider Exhibit 4-3. Which of the Following Statements Is Most

question 48

Multiple Choice

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.

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