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The term choke price is used to describe the lowest price at which the quantity demanded of a good is equal to zero. Using the graph below, what is the choke price of hand sanitizer in the Champaign- Urbana area? Price ($) 3.00 1.75- 1.20 300 Supply Demand 800 Sanitizer (Hundreds of Bottles)

by Essaynice Tutors | Sep 8, 2023 | economics

Kk137.

The term choke price is used to describe the lowest price at which the quantity demanded of a good is
equal to zero. Using the graph below, what is the choke price of hand sanitizer in the Champaign-
Urbana area?
Price ($)
3.00
1.75-
1.20
300
Supply
Demand
800
Sanitizer (Hundreds of Bottles)

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