Terry wants to sell his car and the lowest price he is willing to accept is $3,000.Alice likes the car and is willing to pay at most $4,000 for it.What is the headroom for them?

Question

Quizplus · Accepted Answer

The headroom is the difference between the lowest price the seller is willing to accept and the highest price the buyer is willing to pay. In this case, the lowest price Terry is willing to accept is $3,000 and the highest price Alice is willing to pay is $4,000, so the headroom is the price range between $3,000 and $4,000. Therefore, the best choice is B.

Terry Wants to Sell His Car and the Lowest Price