Use the Figure Below to Answer the Following Questions

question 35

Multiple Choice

Use the figure below to answer the following questions. Figure 3.2.1
-Point A in Figure 3.2.1 indicates that

• A)$1 is the least that consumers are willing to pay for the 4,000th apple.
• B)consumers will not be in equilibrium if the price of an apple is $1.
• C)consumers will only pay $1 for any apple.
• D)if the price is $1,consumers will plan to buy 4,000 apples.
• E)if the price is more than $1,consumers will buy 9,000 apples.

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Definitions:

Transferability of Ownership

The legal capability to transfer ownership rights of an asset or property from one entity to another.

Shareholder

An individual or entity that owns one or more shares in a company's stock, giving them partial ownership and possibly voting rights within the company.

Shares

Units of ownership interest in a corporation or financial asset, giving holders a proportion of the company's profits and a vote in company matters.

Limited Liability

A legal structure that restricts the financial responsibility of an entity's owners to their investment, protecting personal assets from business debts.