Question: ( a ) According to the model, is there a price above which consumers will no longer purchase fans? Explain why or why not. The

(a) According to the model, is there a price above which consumers will no longer purchase fans? Explain why or why not.
The model is exponential and ---Select---crossesdoes not cross the horizontal axis. Therefore there ---Select---is a priceis no price above which consumers will not purchase a ceiling fan.
(b) Calculate the amount that consumers are willing and able to spend to purchase 18 thousand ceiling fans. (Round your answer to three decimal places.)
$ thousand
(c) How many fans will consumers purchase when the market price is $100?(Round your answer to three decimal places.)
thousand fans
(d) Find the consumers' surplus when the market price is $100.(Round your answer to three decimal places.)
$ thousand

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