Suppose an analyst attempts to estimate a consumer's willingness to pay for a policy that lowers the price of childcare.The willingness to pay should be measured as
A) BCₐftₑᵣ to BCA.
B) BCₐftₑᵣ to BCB.
C) BCₐftₑᵣ to BCbₑfₒᵣₑ.
D) BCA to BCB.
Correct Answer:
Verified
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U(q₁,q₂)=
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