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A group of five individuals are interested in purchasing a single unit of a particular product. The table below shows the maximum price each person is willing to pay.
| Individual | Maximum Price Willing to Pay |
|---|---|
| Alex | $50 |
| Brenda | $30 |
| Charles | $50 |
| Diana | $20 |
| Edward | $30 |
Based on this data, which statement accurately describes how the number of buyers changes as the price of the product is lowered?
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The Economy 2.0 Microeconomics @ CORE Econ
Ch.7 The firm and its customers - The Economy 2.0 Microeconomics @ CORE Econ
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Analysis in Bloom's Taxonomy
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