In a voluntary exchange, the price must at least be equal to the minimum amount the seller is willing to accept.

Question

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In a voluntary exchange, both parties must agree on a price that provides a benefit to both. The seller will typically not accept any price lower than their minimum acceptable amount, while the buyer will not offer a price higher than the maximum they are willing to pay. Therefore, the price must be at least equal to the minimum amount the seller is willing to accept for the exchange to occur.

In a Voluntary Exchange, the Price Must at Least Be