Which of the following statements is correct?
i. The demand curve shows the maximum price people are willing to pay for a given quantity of the good.
ii. The maximum price a consumer is willing to pay for an additional unit is the marginal benefit of that unit.
iii. Value is what a consumer receives and price is what a consumer pays.
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
E
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