The accompanying figure shows the demand curve for a product that can be sold only in whole-number amounts. What is the maximum price that any buyer would be willing to pay for the first unit?
A)40
B)35
C)25
D)15

Question

The accompanying figure shows the demand curve for a product that can be sold only in whole-number amounts.  What is the maximum price that any buyer would be willing to pay for the first unit?
A)40 
B)35 
C)25 
D)15

Quizplus · Accepted Answer

The graph reveals that maximum price any buyer would be willing to pay for the first unit is $40.

The Accompanying Figure Shows the Demand Curve for a Product