When a slice of pizza at the student union sold for $2, Moe did not purchase any. When the price fell to $1.75, Moe purchased a slice each day for lunch. Thus, we can infer that Moe's reservation price for a slice of pizza is:

A. exactly $2.00.
B. at least $1.75 but less than $2.
C. less than $1.75.
D. exactly $1.75.


Answer: B

Economics

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Economics