Use the following diagram to answer the following questions.

-Refer to Diagram 4-4. Suppose there is a price support of P₃. The quantity of output demanded by consumers will be:

Question

Use the following diagram to answer the following questions.
 
-Refer to Diagram 4-4. Suppose there is a price support of P₃. The quantity of output demanded by consumers will be:

Quizplus · Accepted Answer

At a price support of P₃, the quantity demanded by consumers will be Q₁, as this is the quantity that consumers are willing and able to purchase at that price.

Use the Following Diagram to Answer the Following Questions