The Height of the Demand Curve for Aluminum for Any

question 139

Multiple Choice

The height of the demand curve for aluminum for any given quantity, shows the:

• A)willingness to pay of the marginal supplier
• B)willingness to pay of the marginal buyer
• C)the gains from trade
• D)opportunity cost

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Definitions:

Need

A requirement for something because it is essential or very important, often referring to something necessary for psychological or physical survival.

Drive Reduction

A theory in psychology that motivation arises from biological needs driving behavior to return to a state of homeostasis or balance.

Optimal Arousal

A theory suggesting there is a level of arousal that is ideal for performance, balancing between too low and too high.

Incentive

Something that motivates or encourages an individual to perform an action or behave in a certain way.