Suppose a Downward- Sloping Demand Curve Intersects the Horizontal Axis

question 30

Multiple Choice

Suppose a downward- sloping demand curve intersects the horizontal axis at a point where quantity demanded equals 1250 units.What is the "value" that consumers place on the 1250th unit of this good?

• A)a negative value
• B)$0
• C)a positive value
• D)$1250
• E)it depends on the position of the supply curve

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Definitions:

DRGs

Diagnosis Related Groups; a system used to classify hospital cases into groups for the purposes of payment and analysis.

Length

The measurement of something from end to end or the distance along its longest side.

E Codes

External cause codes in medical coding that represent the cause of injury, poisoning, or other adverse effects, used in health records and statistical data collection.