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Figure 5-4 -Refer to Figure 5-4.Assume,for the Good in Question,two Specific Points

Question 154

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Figure 5-4 Figure 5-4   -Refer to Figure 5-4.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15) and (Q = 2,400,P = $12) .Then which of the following scenarios is possible? A)  Both of these points lie on section C of the demand curve. B)  The vertical intercept of the demand curve is the point (Q = 0,P = $22) . C)  The horizontal intercept of the demand curve is the point (Q = 5,000,P = $0) . D)  Any of these scenarios is possible.
-Refer to Figure 5-4.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15) and (Q = 2,400,P = $12) .Then which of the following scenarios is possible?


A) Both of these points lie on section C of the demand curve.
B) The vertical intercept of the demand curve is the point (Q = 0,P = $22) .
C) The horizontal intercept of the demand curve is the point (Q = 5,000,P = $0) .
D) Any of these scenarios is possible.

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