The amount that a person would accept in order to be compensated for a small loss in air quality is called his/her ________.
A)willingness to pay
B)willingness to accept
C)consumer surplus
D)change in consumer surplus

Question

Quizplus · Accepted Answer

Willingness to accept is the minimum amount of money a person is willing to accept to compensate for a loss, such as a decrease in air quality.

The Amount That a Person Would Accept in Order to Be