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is the corn market considered elastic or inelastic?
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featherfarmer
Posted 4/30/2023 13:02 (#10209841 - in reply to #10209714)
Subject: RE: is the corn market considered elastic or inelastic?


Upper Midwest
Red Barchetta - 4/30/2023 11:36

I'd call it more inelastic. In general corn is a food source. Food is definitely inelastic as we can only consume so much, regardless of the price.
Funny how Ethanol changed all that.
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