The Height of the Demand Curve at Any Quantity Indicates

question 74

Multiple Choice

The height of the demand curve at any quantity indicates

• A)total expenditure on the good or service
• B)total revenue to the seller of the good or service
• C)whether the price is fair or not
• D)how much that particular unit is worth to the person who buys it
• E)how much the person who buys that unit actually pays for it

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Definitions:

Principal P

The initial amount of money on which interest is calculated in financial transactions.

Rounded

The process of adjusting a number to a nearby specified value, usually to a specified number of significant digits or decimal places.

11%

A percentage representing eleven parts out of a hundred.

Property Value

Typically refers to the monetary worth of a real estate property, established for the purpose of taxation or sales.