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Willingness to Pay Measures

Question 6

Multiple Choice
Willingness to pay measures A)the maximum price a buyer is willing to pay for a product minus the amount the buyer actually pays for it. B)the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept for the good. C)the maximum price that a buyer is willing to pay for a good or service. D)the maximum price a buyer is willing to pay minus the minimum price a seller is willing to accept.

Willingness to pay measures


A) the maximum price a buyer is willing to pay for a product minus the amount the buyer actually pays for it.
B) the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept for the good.
C) the maximum price that a buyer is willing to pay for a good or service.
D) the maximum price a buyer is willing to pay minus the minimum price a seller is willing to accept.

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