The maximum price that consumers are willing to pay for the hundredth unit of a good can be found as the height of the demand curve at a quantity of 100.
The demand curve is a graphical representation of the relationship among the price of a good or service and the amount demanded for a given period of time. In a standard illustration, the price will appear at the left vertical axis, the amount demanded at the horizontal axis. The demand curve will flow downward from the left to the right, which expresses the law of demand—because the charge of a given commodity increases, the amount demanded decreases, all else being equal. For example, if the charge of corn rises, clients could have an incentive to shop for much less corn and substitute it for different foods, so the total quantity of corn consumers demand will fall.
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