Willingness to Pay ________

Multiple Choice

Willingness to pay ________.

A) is the lowest price that a buyer is willing and able to pay for a unit of good
B) is the highest price that a buyer is willing and able to pay for a unit of good
C) is equal to the price of the lowest-priced good in a consumption bundle
D) is equal to the price of the highest-priced good in a consumption bundle