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Exhibit 28-7 Refer to Exhibit 28-7: the Maximum Price

Question 172

Multiple Choice

Exhibit 28-7 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. 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.

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