The most basic concept in economics is

Unions understand that they can end up being big winners from inflation if they sign multiyear fixed-wage contracts

Indicate whether the statement is true or false

The maximum price that consumers are willing to pay for the hundredth unit of a good can be found as

a. the height of the supply curve at a quantity of 100. b. the height of the demand curve at a quantity of 100. c. the difference between the height of the supply and demand curves at a quantity of 100. d. none of the above.