Exhibit 5-4 Demand Curves for Silver

question 48

Multiple Choice

Exhibit 5-4 Demand curves for silver

Assume that a wealthy buyer, Mr. Hunt, declares that he will purchase any amount of silver at a price of $125 an ounce. In Exhibit 5-4, which graph illustrates the shape of the demand curve for silver?

• A) Graph A.
• B) Graph B.
• C) Graph C.
• D) Graph D.