Multiple Choice
Exhibit 28-7
Refer to Exhibit 28-7: The maximum price the consumer is willing to pay for the first unit and minimum price the producer would demand is:
A) $8 and $4 respectively.
B) $7 and $1 respectively.
C) $8 and $1 respectively.
D) $4 and $4 respectively.
Correct Answer:
Verified
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