The Figure Given Below Shows the Demand Curves for Five

question 19

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:

• A)consumers are unwilling to pay more than a certain price for the good.
• B)the good is a complement to another good.
• C)consumers are unwilling to pay less than a certain price for the good.
• D)there are many substitutes for this good.
• E)people will not change the quantity demanded of the good when its price is changed.

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