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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Scatterplot

A type of data visualization that uses dots to represent the values of two different variables, allowing the relationship between them to be observed.

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