lectur16-page5 - though the quantity demanded is NOT very...

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5 Inelastic? 1 2 3 4 5 1 2 3 4 5 million bu/month Price Corn 6 BUT a change in the scale of measure changes the graph so as to make it look as
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Unformatted text preview: though the quantity demanded is NOT very sensitive to changes in price !...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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