Cost of corn is low and patrons in the US spend 3 billion yearly on its consumption. The cost has doubled, patron spending in reality has gone up to 4 billion yearly. This is an a sign of?© BrainMass Inc. brainmass.com October 16, 2018, 5:40 pm ad1c9bdddf
None of the above as demand for corn is inealstic
say original price is 1 , new price is 2 then change in ...
This discusses the concept of elastic demand supported by the example
Elasticity, Demand, and Total Revenue
If possible try to write down references please.View Full Posting Details