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12 February, 06:57

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 9 million bushels. is this evidence that the law of demand does not apply to corn?

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  1. 12 February, 08:47
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    You would have to divide the number of bushels by the price.
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