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What is a buyer's willingness to pay?

What is a buyer's willingness to pay?

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A. That buyer's consumer surplus
B. That buyer's producer surplus
C. That buyer's maximum amount he is willing to pay for a good
D. That buyer's minimum amount he is willing to pay for a good
E. None of the above

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Jan 22, 2020

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3 Answers

N. Kingsley

N. Kingsley, Writer, Columbus

Answered Jul 11, 2018

A buyer would be willing to pay is measured in the maximum’s amount he is willing to pay for a good. Usually, products tend to be more expensive if high-quality materials were used just to...Read More
 

Chris Kenway

Chris Kenway, Content Writer, Jacksonville

Answered Jun 27, 2018

A buyer’s willingness to pay should be measured by how much the person is willing to pay to get the goods or acquire the services that the company is offering. The answer to this question...Read More
 

John Smith

John Smith

Answered Feb 27, 2017

That buyer s maximum amount he is willing to pay for a good
 

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