Figure 5-1

-Refer to Figure 5-1.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15)and (Q = 2,400,P = $12).Then which of the following scenarios is possible?
A)Both of these points lie on section C of the demand curve.
B)The vertical intercept of the demand curve is the point (Q = 0, P = $22).
C)The horizontal intercept of the demand curve is the point (Q = 5,000, P = $0).
D)Any of these scenarios is possible.

Question

Figure 5-1
 
-Refer to Figure 5-1.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15)and (Q = 2,400,P = $12).Then which of the following scenarios is possible?
A)Both of these points lie on section C of the demand curve. 
B)The vertical intercept of the demand curve is the point (Q = 0, P = $22). 
C)The horizontal intercept of the demand curve is the point (Q = 5,000, P = $0). 
D)Any of these scenarios is possible.

Quizplus · Accepted Answer

The Answer of Figure 5-1
 
-Refer to Figure 5-1.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15)and (Q = 2,400,P = $12).Then which of the following scenarios is possible?
A)Both of these points lie on section C of the demand curve. 
B)The vertical intercept of the demand curve is the point (Q = 0, P = $22). 
C)The horizontal intercept of the demand curve is the point (Q = 5,000, P = $0). 
D)Any of these scenarios is possible.

Figure 5-1 -Refer to Figure 5-1.Assume,for the Good in Question,two Specific Points