In a market system, a consumer's ability to pay-but not necessarily his willingness to pay-is largely
based on his income.

Name: In a market system, a consumer's ability to pay-but not necessarily his willingness to pay-is largely based on his income.
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In a market system, a consumer's ability to pay for goods and services is primarily determined by their income level. However, their willingness to pay may also be influenced by factors such as personal preferences and available alternatives.

In a Market System, a Consumer's Ability to Pay-But Not