Scenario 5.1 The Demand for Noodles Is Given by the Following Equation

Multiple Choice

Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P_x. Assume that P = $8, I = 200, and P_x = $10.
-The prices that people are willing to pay for goods and services mostly depend on:

A) the total utility derived from the goods and services.
B) the marginal utility derived from the goods and services.
C) the availability of raw materials for producing the goods and services.
D) the cost of producing the goods and services.
E) whether the goods are legal, since the laws affect the position of both supply and demand curves.