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At Prices Above a Consumer's Willingness to Pay

Question 27

Multiple Choice

At prices above a consumer's willingness to pay:


A) the opportunity cost of buying the good is less than the benefit received from having the good.
B) the opportunity cost of buying the good is greater than the benefit received from having the good.
C) the buyer will purchase the good and attempt to resell after receiving due benefit.
D) the buyer needs more income in order to buy the good.

Correct Answer:

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