Why is the demand curve referred to as a marginal benefit curve?
a. it shows the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept.
b. it shows the difference between the highest price a consumer is willing to pay and the marginal benefit of consumption.
c. it shows the willingness of firms to supply a product at different prices.
d. it shows the price consumers actually pay to consume a product.
e. it shows the willingness of consumers to purchase a product at different prices?
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