Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5.00, and that in response Curly has now begun operating a hot dog cart. We can assume that Curly's reservation price for hot dogs is:
A. $5.00.
B. greater than $4.50 but no more than $5.00.
C. at least $5.00.
D. $4.50.
Answer: B
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