Figure: Demand Curve Refer to the figure. What is the maximum price per book that buyers are willing to pay for 2,500 books?
A) $60
B) $45
C) $30
D) $15

Question

Figure: Demand Curve  Refer to the figure. What is the maximum price per book that buyers are willing to pay for 2,500 books?
A) $60 
B) $45 
C) $30 
D) $15

Quizplus · Accepted Answer

At 2,500 books, follow the demand curve upwards till it reaches the y-axis. The corresponding price on the y-axis is $45, which is the maximum price buyers are willing to pay for 2,500 books.

Figure: Demand Curve Refer to the Figure