Multiple Choice
Which of the following is true regarding a demand curve?
i.The demand curve is also the marginal benefit curve.
ii.The demand curve shows the dollars' worth of other goods that people are willing to forgo to consume another unit of the good.
iii.The demand curve shows the maximum price that people are willing to pay for another unit of a good.
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i only
Correct Answer:
Verified
Correct Answer:
Verified
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