Fogel and Engerman (1974) find evidence to suggest that young slave children were often sold by profit-maximizing slave owners

In the figure above, for each CD, the price a consumer is willing to pay is equal to the

A) economy's marginal social cost of producing that CD. B) consumer's own marginal benefit from consuming that CD. C) consumer's total consumer surplus. D) Both answers A and B are correct.

Demand is the relationship between price and:

a. the income of individual consumers. b. the quality of the good. c. the quantity consumers are willing and able to buy. d. the amount spent on advertising the good.