Willingness to pay is the ________ for a unit of good.For a trade to take place,the willingness
To pay must be ________.
A) lowest price that a buyer is willing to pay; lower than the price of the good.
B) lowest price that a buyer is willing to pay; higher than the price of the good.
C) highest price that a buyer is willing to pay; lower than the price of the good.
D) highest price that a buyer is willing to pay; higher than the price of the good.
Correct Answer:
Verified
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