Figure 2.3.1. -Look at the Market for Water in Figure 2.3.1. at Figure

Multiple Choice

Figure 2.3.1.
-Look at the market for water in Figure 2.3.1. At point A,

A) people plan to spend $1 on water.
B) he maximum price people are willing and able to pay for all 5,000 cubic metres of water is $1.
C) he minimum price people are willing and able to pay for all 5,000 cubic metres of water is $1.
D) the minimum price people are willing and able to pay for the 5,000th cubic metre of water is $1.
E) the maximum price people are willing and able to pay for the 5,000th cubic metre of water is $1.