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Demand for Corn Quantity Price Demanded ($/bushel) (bushels) 8.00 2,000 7.00 4,000 6.00 6,000 5.00 8,000 4.00 10,000 3.00 12,000 2. Consider the demand for

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Demand for Corn Quantity Price Demanded ($/bushel) (bushels) 8.00 2,000 7.00 4,000 6.00 6,000 5.00 8,000 4.00 10,000 3.00 12,000 2. Consider the demand for corn shown in the table above. The price elasticity of demand at the price of $6 per bushel is A. -0.5. B. - 1.0. C. -2.0. D. -2.6. E. - 3.5

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