In a voluntary exchange, the price must at least be equal to the maximum amount the buyer is willing to pay.

Name: In a voluntary exchange, the price must at least be equal to the maximum amount the buyer is willing to pay.
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Question

Quizplus · Accepted Answer

In a voluntary exchange, the price is typically less than or equal to the maximum amount the buyer is willing to pay, but it must be higher than or equal to the minimum amount the seller is willing to accept.

In a Voluntary Exchange, the Price Must at Least Be