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Choose all correct statements. A. Demand curve represents the willingness to pay of buyers. B. Supply curve represents the willingness to pay of sellers. C.

Choose all correct statements.

A. Demand curve represents the willingness to pay of buyers.

B. Supply curve represents the willingness to pay of sellers.

C. In a market of identical products where there are many sellers and many buyers, sellers have more bargaining power than buyers.

D. In a market of identical products where there are many sellers and many buyers, both sellers and buyers are price-takers.

Select one:

a.A, C

b.A, B, C, D

c.A, B, C

d.A, D

e.A, B, D

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