Use the following to answer questions:
Figure: Good X
-(Figure: Good X) From the figure, which statement is TRUE?
A) At a price of $12 per unit, consumers are willing and able to purchase between 11 and 26 units of Good X.
B) 36 units of Good X can be purchased by spending a total of $4.
C) At a price of $6 per unit, consumers are willing and able to purchase 26 units of Good X.
D) At a price of $4 per unit, consumers are willing and able to purchase 11 units of Good X.

Question

Use the following to answer questions:
Figure: Good X 
-(Figure: Good X) From the figure, which statement is TRUE?
A) At a price of $12 per unit, consumers are willing and able to purchase between 11 and 26 units of Good X. 
B) 36 units of Good X can be purchased by spending a total of $4. 
C) At a price of $6 per unit, consumers are willing and able to purchase 26 units of Good X. 
D) At a price of $4 per unit, consumers are willing and able to purchase 11 units of Good X.

Quizplus · Accepted Answer

At a price of $6 per unit, consumers are willing and able to purchase 26 units of Good X, as indicated by the demand curve in the figure.

Use the Following to Answer Questions