Question

At any given quantity, the willingness to pay in the market for gasoline is reflected in the:

a. height of the demand curve at that quantity.
b. height of the supply curve at that quantity.
c. value to the producer of the last unit of gasoline sold.
d. total quantity of gasoline exchanged in the market.

Answer 1

The correct answer is (A)

Step-by-step explanation:

Demand curve ks used to illustrate the willingness to pay for a specific good in the market at a given price and quantity. In the market for gasoline the height of the demand curve at that quantity will depict the consumers willingness to pay. Its a threshold at which or below that price the consumers will buy the product.