Suppose Your Own Demand Curve for Tomatoes Slopes Downward

question 93

Multiple Choice

Suppose your own demand curve for tomatoes slopes downward.Suppose also that,for the last tomato you bought this week,you paid a price exactly equal to your willingness to pay.Then

• A)you should buy more tomatoes before the end of the week.
• B)you already have bought too many tomatoes this week.
• C)your consumer surplus on the last tomato you bought is zero.
• D)your consumer surplus on all of the tomatoes you have bought this week is zero.

---

Definitions:

Ratios

Mathematical expressions that compare two numbers or quantities, indicating how many times one value contains or is contained within the other.

Opponent-process Theory

A psychological and neurological model that explains how humans perceive colors as the brain processes signals in an antagonistic manner.

Bipolar Cell

A type of neuron found in the retina that acts as an intermediary between photoreceptor cells and ganglion cells, processing visual information.

Firing Rate

The frequency at which a neuron produces action potentials over a specified period of time, often used as a measure of neural activity.