If a demand curve goes through the point P = $6 and $Q _ { d }$ = 400,then

Question

Quizplus · Accepted Answer

Option A is incorrect because the demand curve only shows the quantity consumers are willing to buy at a given price, not the highest price they are willing to pay.
Option B is incorrect because the demand curve only shows the quantity consumers are willing to buy at a given price, not the lowest price they are willing to accept.
Option C is correct because the point P = $6 and Qd = 400 represents the quantity demanded at that specific price, meaning consumers will not buy more than 400 units at $6.
Option D is incorrect because the demand curve slopes down, meaning as price increases, quantity demanded decreases. Therefore, if the price is $6, consumers will not buy more than 400 units. 
Option E is correct because it combines the correct explanations for options A and C.

If a Demand Curve Goes Through the Point P = QdQ _ { d }Qd​

If a Demand Curve Goes Through the Point P = $Q _ { d }$