Figure 7A -Refer to Figure 7A. Which of the Following Statements Can

Multiple Choice

Figure 7A

-Refer to Figure 7A. Which of the following statements can apply to Figure 7A?

A) If Pe is assumed to be the market equilibrium price, all those consumers whose WTP is
represented by P1 will be expected to decide to purchase this good or service.
B) P1 represents what consumers' are willing to pay for the 10^th unit of a given good or
service, Q.
C) Pe represents what consumers' are willing to pay for the 25^th unit of a given good or
service, Q.
D) All can apply.
E) None apply.