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

Question 215

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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 = 1,000,P = $40) and (Q = 1,500,P = $30) .Then which of the following scenarios is possible? A) Both of these points lie on the section of the demand curve from B to C. B) The vertical intercept of the demand curve is the point (Q = 0,P = $60) . C) The horizontal intercept of the demand curve is the point (Q = 1,800,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 = 1,000,P = $40) and (Q = 1,500,P = $30) .Then which of the following scenarios is possible?


A) Both of these points lie on the section of the demand curve from B to C.
B) The vertical intercept of the demand curve is the point (Q = 0,P = $60) .
C) The horizontal intercept of the demand curve is the point (Q = 1,800,P = $0) .
D) Any of these scenarios is possible.

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