A student faced with a computer programming assignment due next week has no idea how to begin his assignment. He feels a desperate need for tutoring assistance and states that he would "pay anything" for help. If this were true, what shape would his demand curve have (price on the vertical axis & quantity of tutoring hours on the horizontal axis)? Why is this not realistic?
It can be no matter what the price is he would ready to pay because he is in a desperate need and this means for a fixed 30 of work enterprise is ready to pay as a result of which the quantity is same and the price can be anything which means the demand curve is vertical Quantity on x axis and price on y axis. however it is not realistic in nature in this is because of the fact that there is a certain amount of willingness to pay for every individual for a particular good as no good in the worth infinite price on the whole.
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