When someone's willingness to pay is the same as the actual price paid for an item:
A) the individual will not purchase the item.
B) the individual's surplus is zero.
C) surplus cannot be maximized.
D) All of these are correct.

Name: When someone's willingness to pay is the same as the actual price paid for an item: A) the individual will not purchase the item. B) the individual's surplus is zero. C) surplus cannot be maximized. D) All of these are correct.
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Question

Quizplus · Accepted Answer

The Answer is B

When Someone's Willingness to Pay Is the Same as the Actual