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Figure 19.2.1 -Refer to Figure 19.2.1 Above. Consumers Understand Why the Price

Question 24

Multiple Choice

Figure 19.2.1 -Refer to Figure 19.2.1 above. Consumers understand why the price of shovels would increase somewhat during a snow storm and would be willing to buy at higher prices. Which demand or portion of a demand curve best reflects that statement? A) The demand curve D<sub>1</sub> B) The flat portion of demand curve D<sub>2</sub> C) The dashed portion of demand curve D<sub>2</sub> D) The steep, solid portion of D<sub>2</sub> Figure 19.2.1
-Refer to Figure 19.2.1 above. Consumers understand why the price of shovels would increase somewhat during a snow storm and would be willing to buy at higher prices. Which demand or portion of a demand curve best reflects that statement?


A) The demand curve D1
B) The flat portion of demand curve D2
C) The dashed portion of demand curve D2
D) The steep, solid portion of D2

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