Figure: Demand Curve
Which statement is TRUE regarding the figure?
A) At a price of $6 per unit, consumers are willing and able to buy 10 units.
B) The maximum price demanders are willing to pay for 15 units is $6 per unit.
C) The higher the price, the greater the quantity demanded.
D) At a price of $3.75 per unit, consumers are indifferent between buying 10 and 15 units.
Correct Answer:
Verified
Q1: Use the following to answer questions:
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Q2: The quantity demanded is the quantity that
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