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Refer to the figure below. Assume that the graph depicts the U.S. domestic market for corn. U.S. Domestic Supply and Export Demand for Corn 8

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Refer to the figure below. Assume that the graph depicts the U.S. domestic market for corn.

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U.S. Domestic Supply and Export Demand for Corn 8 Tools ID ES 6 5 Price (per bushel) 4 3 2 7 0 2 4 6 8 10 12 14 16 18 Bushels of corn (thousands per week)Market Supply Of and Demand for corn U.S. Market P 6 5 4 Price per bushel ($) N 0 2 4 6 8 10 12 14 16 18 Q Bushels of corn (thousands per week)

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