Use the following to answer questions:
Figure: Supply and Demand 2
-(Figure: Supply and Demand 2) If the government sets the price at $8 in this figure, demanders are willing to pay ______ per unit for ______ units.
A) $8; 12
B) $8; 6
C) $14; 12
D) $14; 6

Question

Use the following to answer questions:
Figure: Supply and Demand 2 
-(Figure: Supply and Demand 2) If the government sets the price at $8 in this figure, demanders are willing to pay ______ per unit for ______ units.
A) $8; 12 
B) $8; 6 
C) $14; 12 
D) $14; 6

Quizplus · Accepted Answer

At a price of $8, the quantity demanded is 6 units, and demanders are willing to pay $14 per unit for these 6 units according to the demand curve.

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