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The demand curve is drawn by arranging the willingness to pay (WTP) values from highest to lowest. Values to the left of the equilibrium quantity
The demand curve is drawn by arranging the willingness to pay (WTP) values from highest to lowest. Values to the left of the equilibrium quantity (q = 8) represent a WTP the equilibrium price. Buyers with these WTPs are more likely less likely to make a purchase
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
