X Content Gradebook E ples of Mathematics for Economics-Foster-TR-9:35am Question 1 Unanswered a Refer to the graph below. The dot represents a point on the individual's yearly demand curve for rock concerts. Which of the following interpretations of the dot on this graph is correct? C d app.tophat.com $ 4 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Xl Content % 5 The dot shows that this individual spends $125 on five rock concerts each year. R T When one rock concert costs $125, this individual goes to five of them per year. When five concerts cost a total of $125, this individual goes to up to five per year. At $125, the quantity of concerts demanded equals the quantity supplied. 6 Join: 080055. & 7 Y U 8 X - CV B N M I (111 9 H D F G H J K L << < cmd 0 0 P Price I $125 >> > opt 0 Kunrong [ { J} [[ ]] ? 6C Quanti