This table refers to five possible buyers' willingness to pay for a take-away meal.
$\begin{array}{l}
\text { Buyer Willingness To }\
\begin{array} { l l }
& \text { Pay } \
\text { David } & \text { R85.00 } \
\text { Laura } & \text { R70.00 } \
\text { Megan } & \text { R55.00 } \
\text { Mallory } & \text { R40.00 } \
\text { Audrey } & \text { R35.00 }
\end{array}
\end{array}$
-Refer to the table above. If the price of a take-away meal is R69.00, who will purchase the good?

Question

This table refers to five possible buyers' willingness to pay for a take-away meal.
$\begin{array}{l}
\text { Buyer Willingness To }\
\begin{array} { l l } 
& \text { Pay } \
\text { David } & \text { R85.00 } \
\text { Laura } & \text { R70.00 } \
\text { Megan } & \text { R55.00 } \
\text { Mallory } & \text { R40.00 } \
\text { Audrey } & \text { R35.00 }
\end{array}
\end{array}$
-Refer to the table above. If the price of a take-away meal is R69.00, who will purchase the good?

Quizplus · Accepted Answer

David and Laura will purchase the meal because their willingness to pay (R85.00 and R70.00 respectively) is greater than or equal to the price of R69.00.

This Table Refers to Five Possible Buyers' Willingness to Pay