Figure 7-8

-Refer to Figure 7-8.Buyers who value this good more than price are represented by which line segment?
A)AC.
B)CE.
C)BC.
D)CD.

Name: Figure 7-8 -Refer to Figure 7-8.Buyers who value this good more than price are represented by which line segment? A)AC. B)CE. C)BC. D)CD.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Figure 7-8
 
-Refer to Figure 7-8.Buyers who value this good more than price are represented by which line segment?
A)AC. 
B)CE. 
C)BC. 
D)CD.

Quizplus · Accepted Answer

Buyers who value this good more than price are represented by the line segment AC because it shows the quantity of the good that buyers are willing to buy at prices above the equilibrium price.

Figure 7-8 -Refer to Figure 7-8.Buyers Who Value This Good More Than