ttempts: Average: 14 1. Reading a demand curve Aa Aa Suppose that the graph belo
ID: 1131805 • Letter: T
Question
ttempts: Average: 14 1. Reading a demand curve Aa Aa Suppose that the graph below shows the demand curve for silicon. PRICE (Dollars per tonl 600 1400 1200 800 600 200 0 40 80 120 160 200 240 280 320 QUANTITY OF SILICON (Mallions of tons million tons of silicon If the price of silicon is $600 per ton, buyers are willing to buy The maximum price buyers are willing to pay for 160 million tons of silicon is l per ton. production of electronics because of its unique semiconductor properties. It also has Silicon is highly valuable in the low-value uses, such as the manufacturing of Silly Putty will As the price of silicon falils, the quantity demanded of silicon because silicon will ONA 336 0 2004 2016 Arights reserved 20Explanation / Answer
1)If the price of silicon is $600 per ton,buyers are willing to buy 80 million ton of silicon.
2)The maximum price buyers are willing to pay for 160 million ton of silicon is 400 per ton.
3)silicon is highly valuable in the production of electronics because of its unique semiconductor proterties. it also has low-value uses ,such as the manufacturing of silly putty,as the price of silicon falls,the quantity demand will lncrease because silicon will require.
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