Question 32 (1 point) Price Quantity Demanded $40 5 $50 4 $60 3 $70 1 $80 0 Consider the demand schedule given above constructed by the willingness to pay of a group of individuals. Assume a step-wise demand curve. Which of the following is true? Eight people have a maximum willingness to pay that is greater than or equal to $50 OFour people have a maximum willingness to pay that is greater than or equal to $50 Four people have a maximum willingness to pay that is less than or equal to $50 OFour people have a maximum willingness to pay of $50