Use the following to answer questions:
Figure: Price Ceilings and Valuation of Uses
-(Figure: Price Ceilings and Valuation of Uses) Refer to the figure. The single highest value a user is willing to pay is how many dollars for the product?
A) $15
B) $25
C) $45
D) $35

Question

Use the following to answer questions:
Figure: Price Ceilings and Valuation of Uses 
-(Figure: Price Ceilings and Valuation of Uses) Refer to the figure. The single highest value a user is willing to pay is how many dollars for the product?
A) $15 
B) $25 
C) $45 
D) $35

Quizplus · Accepted Answer

The single highest value a user is willing to pay is shown by the point where the demand curve intersects with the valuation of uses curve. In this case, that point is at $45.

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