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Use the Following to Answer Questions

Question 1

Multiple Choice

Use the following to answer questions:
Figure: Good X Use the following to answer questions: Figure: Good X -(Figure: Good X) From the figure, the maximum price that consumers are willing to pay for _____ units of Good X is _____ per unit. A) 36; $4 B) 11; $4 C) 36; $12 D) 26; $4
-(Figure: Good X) From the figure, the maximum price that consumers are willing to pay for _____ units of Good X is _____ per unit.


A) 36; $4
B) 11; $4
C) 36; $12
D) 26; $4

Correct Answer:

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