If the price of a good is less than a buyer's willingness to pay, the buyer will _____ the good because the opportunity cost of buying the good is _____ than the benefit received from consuming the good.
A) purchase; less
B) purchase; more
C) not purchase; less
D) not purchase; more.

Question

Quizplus · Accepted Answer

If the price of a good is less than the buyer's willingness to pay, it means that the benefit received from consuming the good is more than the opportunity cost of buying it. Therefore, the buyer will purchase the good.

If the Price of a Good Is Less Than a Buyer's