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Consider the accompanying figure, which shows the market for bananas. Which of the following statements is TRUE regarding point A in the figure? a. All
Consider the accompanying figure, which shows the market for bananas. Which of the following statements is TRUE regarding point A in the figure? a. All consumers will be willing to pay only $1 for any banana. b. $1 is the least that consumers are willing to pay for the 4000th banana. c. If the price is $1 then consumers will want to buy 4000 bananas. d. If the price is more than $0.50, consumers will want to buy more than 9000 bananas
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