The buyer's reservation price for a particular good or service is the:
A. same as the market price.
B. largest price the buyer would be willing to pay for it.
C. smallest price the buyer would be willing to pay for it.
D. price the buyer must pay to ensure he or she gets it.
Answer: B
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Economists who have studied economic growth find strong evidence of convergence
Indicate whether the statement is true or false
Which of the following countries cannot use monetary expansion in order to reduce youth unemployment?
a. South Africa b. Spain c. India d. Greece
Which one of the following is TRUE?
A. A well-defined system of property rights benefits only the wealthy, and consequently it produces income inequality that will stifle economic growth. B. Restricting imports will enhance a country's economic growth. C. For every country that experiences an increase in its growth rate, there must be another experiencing a decline. D. Small changes in the annual growth rate amount to a measurable difference in the long-term growth trend of a country.
Absent externalities and public goods, a perfectly competitive system is equitable.
Answer the following statement true (T) or false (F)