The Height of the Demand Curve for a Product Indicates

question 296

Multiple Choice

The height of the demand curve for a product indicates the

• A) minimum price consumers are willing to pay for an additional unit of it.
• B) minimum quantity consumers are willing to purchase at the current price.
• C) maximum price consumers are willing to pay for an additional unit of it.
• D) minimum price required to induce suppliers to produce an additional unit of it.

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