Michael values a stainless steel refrigerator for his new house at $3,500,but he succeeds in buying one for $3,000.Michael's willingness to pay is
A)$500.
B)$3,000.
C)$3,500.
D)$6,500.

Name: Michael values a stainless steel refrigerator for his new house at $3,500,but he succeeds in buying one for $3,000.Michael's willingness to pay is A)$500. B)$3,000. C)$3,500. D)$6,500.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Michael's willingness to pay is the maximum amount he is willing to spend on the refrigerator, which is $3,500.

Michael Values a Stainless Steel Refrigerator for His New House