Question
In which of the following circumstances would a buyer be indifferent about buying a good?
a. The amount of consumer surplus the buyer would experience as a result of buying the good is zero.
b. The price of the good is equal to the buyer's willingness to pay for the good.
c. The price of the good is equal to the value the buyer places on the good.
d. All the above are correct.
a. The amount of consumer surplus the buyer would experience as a result of buying the good is zero.
b. The price of the good is equal to the buyer's willingness to pay for the good.
c. The price of the good is equal to the value the buyer places on the good.
d. All the above are correct.
Answers
economyst
Do a little research, then take a shot. what do you think?