If a demand curve goes through the point P = $6 and = 400, then
A) $6 is the highest price consumers will pay for 400 units.
B) $6 is the lowest price consumers can be charged to induce them to buy 400 units.
C) 400 units are the most consumers will buy if price is $6.
D) consumers will buy more than 400 if price is $6.
E) both a and c
Correct Answer:
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A) is positive for all but
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