The Accompanying Figure Shows the Demand Curve for a Product

question 115

Multiple Choice

The accompanying figure shows the demand curve for a product that can be sold only in whole-number amounts. What is the maximum price that any buyer would be willing to pay for the first unit?

• A)40
• B)35
• C)25
• D)15

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Definitions:

Allergy

An abnormal immune system response to certain substances, known as allergens, that are typically harmless to most people.

Mild Fatigue

A low level of tiredness or exhaustion that can usually be relieved by rest.

Common Cold

A viral infection of the upper respiratory tract that is characterized by symptoms such as sneezing, coughing, a sore throat, and a runny nose.

Influenza

A highly contagious viral infection that attacks the respiratory system, often referred to as the flu.