Table 7-10
The only four consumers in a market have the following willingness to pay for a good:
Buyer Willingness to Pay

-Refer to Table 7-10. If the market price for the good is $20, who will purchase the good?
A) Danita only
B) Carolyn and Danita only
C) Ashleigh, Barb, and Carolyn only
D) All four buyers would purchase the good.

Question

Table 7-10
The only four consumers in a market have the following willingness to pay for a good:
Buyer Willingness to Pay
 
-Refer to Table 7-10. If the market price for the good is $20, who will purchase the good?
A) Danita only 
B) Carolyn and Danita only 
C) Ashleigh, Barb, and Carolyn only 
D) All four buyers would purchase the good.

Quizplus · Accepted Answer

The Answer of Table 7-10
The only four consumers in a market have the following willingness to pay for a good:
Buyer Willingness to Pay
 
-Refer to Table 7-10. If the market price for the good is $20, who will purchase the good?
A) Danita only 
B) Carolyn and Danita only 
C) Ashleigh, Barb, and Carolyn only 
D) All four buyers would purchase the good.

Table 7-10 The Only Four Consumers in a Market Have the Following