A reservation price:
A)is the maximum amount one would be willing to pay for a good.
B)is the maximum amount one would be willing to accept to give up a good.
C)is the payment needed to make a reservation.
D)is the minimum amount one would be willing to pay for a good.

Question

Quizplus · Accepted Answer

The reservation price is the maximum amount a consumer is willing to pay for a good or service, reflecting the highest value they place on it.

A Reservation Price