​Exhibit 18-7 ​

question 3

Multiple Choice

​Exhibit 18-7
​
-Refer to Exhibit 18-7: The maximum price the consumer is willing to pay for the first unit and minimum price the producer would demand is:

• A)​$8 and $4 respectively.
• B)​$7 and $1 respectively.
• C)​$8 and $1 respectively.
• D)​$4 and $4 respectively.

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Definitions:

Integrated Pattern

A comprehensive arrangement or structure that links various elements or components into a coherent whole.

Human Behavior

Human behavior is the range of actions, reactions, and interactions of humans in response to external and internal stimuli.