Figure 6-6
-The purchase of premium cable channels is an "all-or-nothing" choice.Which graph in Figure 6-6 best illustrates the cable market demand curve?
A)1
B)2
C)3

Question

Figure 6-6 
-The purchase of premium cable channels is an "all-or-nothing" choice.Which graph in Figure 6-6 best illustrates the cable market demand curve?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

Graph 1 best illustrates the "all-or-nothing" choice, as it shows a perfectly inelastic demand curve, which means consumers will purchase the premium channels at a fixed price regardless of quantity, reflecting the all-or-nothing nature of the decision.

Figure 6-6 -The Purchase of Premium Cable Channels Is an "All-Or-Nothing" Choice.Which