Tom had an "absolute need" for web help and therefore was ready to "pay anything" to get it. If this were true, what shape would his demand curve have? Why isn't this realistic?

Q: describe your ideal market

A: A ideal market is one with perfect competition, with prices determined only by demand and…

Q: The following graph shows the demand curve for a group of consumers in the U.S. market (blue line)…

A: Part 1Consumer will consume a good till a point where market price is less than or equal to the…

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Q: How does the demand curve look like? Graph it.

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Q: 1. Demand Consider the following QD and QS. QP(p) = 35 – 5p Qs(p) = 10p + 5 a. Graph QD and QS. b.…

A: