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Figure 2.3.1. -Look at the Market for Water in Figure 2.3.1. at Figure

Question 89

Multiple Choice

Figure 2.3.1.
-Look at the market for water in Figure 2.3.1. At point C,

A) people plan to spend $2 on water.
B) the maximum price people are willing and able to pay for all 3,000 cubic metres of water is $2.
C) the minimum price people are willing and able to pay for all 3,000 cubic metres of water is $2.
D) the minimum price people are willing and able to pay for the 3,000th cubic metre of water is $2.
E) the maximum price people are willing and able to pay for the 3,000th cubic metre of water is $2.

Correct Answer: