An individual who is only willing to pay a relatively low amount for a particular good
A)would fall in the upper portion of the demand curve.
B)would fall in the middle portion of the demand curve.
C)would fall in the lower portion of the demand curve.
D)would not be considered part of the demand curve.

Question

Quizplus · Accepted Answer

An individual who is only willing to pay a relatively low amount for a particular good would fall in the lower portion of the demand curve. This is because the demand curve shows the quantities of a good that consumers are willing and able to buy at different prices, with higher prices resulting in lower quantities demanded. Therefore, a consumer who is only willing to pay a low price will be represented at the lower end of the demand curve.

An Individual Who Is Only Willing to Pay a Relatively