Figure 19.2.1
-Refer to Figure 19.2.1 above. The price level of $40 illustrates the fact that:
A) the price of a shovel increases to $40 during a snow storm.
B) $40 is an unfair price for shovels, so no consumer would ever pay that amount.
C) some consumers are willing to pay as much as $40 for a shovel, even in the absence of a snow storm.
D) all of the above are true.
Correct Answer:
Verified
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