Multiple Choice
What does willingness to pay measure?
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.
D) The maximum price a buyer is willing to pay minus the minimum price a seller is willing to accept.
Correct Answer:
Verified
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