If a demand curve goes through the point P = $6 and Qd = 400, then$6 is the highest price consumers will pay for 400 units.consumers will buy more than 400 if price is $6.400 units are the most consumers will buy if price is $6.$6 is the lowest price consumers can be charged to induce them to buy 400 units.both a and c

Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Answered: If a demand curve goes through the…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 4SQ

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If a demand curve goes through the point P = $6 and Qd = 400, then

$6 is the highest price consumers will pay for 400 units.
consumers will buy more than 400 if price is $6.
400 units are the most consumers will buy if price is $6.
$6 is the lowest price consumers can be charged to induce them to buy 400 units.
both a and c

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