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If a Demand Curve Goes Through the Point P =

Question 12

Multiple Choice

If a demand curve goes through the point P = $6 and If a demand curve goes through the point P = $6 and   = 400, then A)  $6 is the highest price consumers will pay for 400 units. B)  $6 is the lowest price consumers can be charged to induce them to buy 400 units. C)  400 units are the most consumers will buy if price is $6. D)  consumers will buy more than 400 if price is $6. E)  both a and c = 400, then


A) $6 is the highest price consumers will pay for 400 units.
B) $6 is the lowest price consumers can be charged to induce them to buy 400 units.
C) 400 units are the most consumers will buy if price is $6.
D) consumers will buy more than 400 if price is $6.
E) both a and c

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