The Figure Below Shows the Demand Curve for a Product

question 58

Multiple Choice

The figure below 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:

Open Mode

Open Mode is a state or approach characterized by openness, receptiveness, and readiness to explore new ideas, perspectives, or experiences without prejudgment.

Relaxed

A state of being free from tension and anxiety, often associated with leisure or recreation.

Expansive

Having the capacity or tendency to expand, extend, or encompass a wide range.

Purposeful

Having a clear aim or goal; being intentional in one's actions or decisions.