Figure: Demand Curve Which statement is TRUE regarding the figure?
A) At a price of $6 per unit,consumers are willing and able to buy 10 units.
B) The maximum price demanders are willing to pay for 15 units is $6 per unit.
C) The higher the price,the greater the quantity demanded.
D) At a price of $3.75 per unit,consumers are indifferent between buying 10 and 15 units.

Question

Figure: Demand Curve  Which statement is TRUE regarding the figure?
A) At a price of $6 per unit,consumers are willing and able to buy 10 units. 
B) The maximum price demanders are willing to pay for 15 units is $6 per unit. 
C) The higher the price,the greater the quantity demanded. 
D) At a price of $3.75 per unit,consumers are indifferent between buying 10 and 15 units.

Quizplus · Accepted Answer

The point on the demand curve corresponding to a price of $6 per unit and a quantity of 10 units indicates the amount that consumers are willing and able to buy at that price.

Figure: Demand Curve Which Statement Is TRUE Regarding the Figure