Table 3-1

-Refer to Table 3-1. If the table represents the willingness to pay of four buyers and the price of the product is $15, then who would be willing to purchase the product?
A) Mike
B) Mike and Sandy
C) Mike, Sandy, and Jonathan
D) Mike, Sandy, Jonathan, and Haley

Question

Table 3-1
 
-Refer to Table 3-1. If the table represents the willingness to pay of four buyers and the price of the product is $15, then who would be willing to purchase the product?
A) Mike 
B) Mike and Sandy 
C) Mike, Sandy, and Jonathan 
D) Mike, Sandy, Jonathan, and Haley

Quizplus · Accepted Answer

If the price of the product is $15, only those buyers whose willingness to pay is equal to or greater than $15 would purchase the product.

Table 3-1 -Refer to Table 3-1. If the Table Represents the Willingness