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Figure: Demand Curve Sections
-(Figure: Demand Curve Sections) Refer to the figure. The section of the demand curve labeled A represents:
A) the value of the good in its next-highest use.
B) satisfied wants.
C) unsatisfied wants.
D) market failure.

Question

Use the following to answer questions:
Figure: Demand Curve Sections 
-(Figure: Demand Curve Sections) Refer to the figure. The section of the demand curve labeled A represents:
A) the value of the good in its next-highest use. 
B) satisfied wants. 
C) unsatisfied wants. 
D) market failure.

Quizplus · Accepted Answer

The section labeled A on a demand curve typically represents satisfied wants, where consumers are willing and able to purchase the good at the given price.

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