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If a Demand Curve Goes Through the Point P = QdQ _ { d }

Question 26

Multiple Choice

If a demand curve goes through the point P = $6 and QdQ _ { d } = 400,then


A) $6 is the highest price consumers will pay for 400 units.
B) $6 is the lowest price consumers can be charged to induce them to buy 400 units.
C) 400 units are the most consumers will buy if price is $6.
D) consumers will buy more than 400 if price is $6.
E) both a and c

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