Figure 5-1
-Refer to Figure 5-1.Atog says he would buy one cup of coffee per day regardless of the price.If this is true,then Atog's demand for coffee is represented by demand curve
A) A.
B) B.
C) C.
D) D.

Question

Figure 5-1 
-Refer to Figure 5-1.Atog says he would buy one cup of coffee per day regardless of the price.If this is true,then Atog's demand for coffee is represented by demand curve
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

Atog's demand is not affected by the price of coffee, so his demand curve would be a vertical line at the quantity he is willing to buy (1 cup per day), which is represented by curve A. The other curves show a normal downward sloping demand curve, indicating a decrease in quantity demanded as price increases.

Figure 5-1 -Refer to Figure 5-1.Atog Says He Would Buy One Cup