Each point on a demand curve shows the _ price that consumers will pay to consume thatquantity. The demand curve therefore shows the to consumers from consuming theproduct.
A) maximum; cost
B) minimum; value
C) minimum; cost
D) equilibrium; equilibrium price
E) maximum; value

Question

Quizplus · Accepted Answer

Each point on a demand curve shows the maximum price that consumers will pay to consume that quantity. The demand curve therefore shows the value to consumers from consuming the product.

Each Point on a Demand Curve Shows the _ Price