Figure 7-27
-Refer to Figure 7-27.Buyers who value this good more than the equilibrium price are represented by which line segment?
A)AC.
B)CK.
C)BC.
D)CH.

Question

Figure 7-27 
-Refer to Figure 7-27.Buyers who value this good more than the equilibrium price are represented by which line segment?
A)AC. 
B)CK. 
C)BC. 
D)CH.

Quizplus · Accepted Answer

Buyers who value this good more than the equilibrium price are represented by the line segment AC because it shows the quantity of the good that buyers are willing to buy at prices above the equilibrium price.

Figure 7-27 -Refer to Figure 7-27.Buyers Who Value This Good More Than