Dina's willingness to pay for a scooter rental depends on her

Question

Quizplus · Accepted Answer

Dina's willingness to pay is affected by all three factors: alternatives, ability to pay, and wealth. If there are cheaper alternatives, she may not be willing to pay as much for a scooter rental. If she does not have the ability to pay, such as if the scooter rental is more expensive than her budget allows, she may not be willing to pay at all. Likewise, if she does not have much wealth, she may not be willing to pay as much for the rental. Therefore, all three factors must be considered in determining Dina's willingness to pay for a scooter rental.

Dina's Willingness to Pay for a Scooter Rental Depends on Her