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The Figure Given Below Represents the PPC in Two Nations

Question 17

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4    -Identify the correct statement. A) Demand is the total quantity of a product that people are willing, even if unable, to purchase at a given price. B) Demand for a product is the same as the quantity demanded of a product. C) Demand represents the different quantities of a good or service that provides consumers the same amount of utility. D) Demand is the quantity of a product that people are willing and able to purchase at different prices. E) Demand is the quantity of a product that producers are willing to produce at a particular price.
-Identify the correct statement.


A) Demand is the total quantity of a product that people are willing, even if unable, to purchase at a given price.
B) Demand for a product is the same as the quantity demanded of a product.
C) Demand represents the different quantities of a good or service that provides consumers the same amount of utility.
D) Demand is the quantity of a product that people are willing and able to purchase at different prices.
E) Demand is the quantity of a product that producers are willing to produce at a particular price.

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