Multiple Choice
Use the figure below to answer the following questions.
Figure 3.2.1
-Point A in Figure 3.2.1 indicates that
A) consumers will only pay $1 for any apple.
B) $1 is the least that consumers are willing to pay for the 4,000th apple.
C) if the price is $1, consumers will plan to buy 4,000 apples.
D) consumers will not be in equilibrium if the price of an apple is $1.
E) if the price is more than $1, consumers will buy 9,000 apples.
Correct Answer:

Verified
Correct Answer:
Verified
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