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Suppose Jeff Is Willing to Pay a Maximum of $20

Question 60

Multiple Choice

Suppose Jeff is willing to pay a maximum of $20 for a Smashing Pumpkins CD. This $20 represents:


A) Jeff's supply price of the CD.
B) the producer price of the CD.
C) Jeff's demand price for the CD.
D) the consumer price for the CD.

Correct Answer:

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