When a buyer’s willingness to pay for a good is equal to the price of the good. the

NetherCraft 0

When a buyer’s willingness to pay for a good is equal
to the price of the good, the

A)buyer’s consumer surplus for that good is
maximized.
B)buyer will buy as much of the good as the buyer’s budget
allows.
C)price of the good exceeds the value that the buyer places on the
good.
D)buyer is indifferent between buying the good and not buying
it.

Answer

When a buyer’s willingness to pay for a good is equal to the
price of the good, the: buyer will buy as much of the good
as the buyer’s budget allows.

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Hence the correct option is C.

I hope my solution solves your query.

Regards.


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