The buyers of a good will want to purchase it as long as their willingness to pay for the good is ________.

Question

Quizplus · Accepted Answer

Buyers will want to purchase a good as long as their willingness to pay for it is greater than or equal to the price, as they will view the good as worth the cost. If their willingness to pay is less than the price, they will not make the purchase as they will view it as overpriced. If their willingness to pay is equal to zero, they have no interest in purchasing the good.

The Buyers of a Good Will Want to Purchase It