What criteria do consumers apply when deciding whether or not to consume

a. The consumer would consume only if the price is lower than his highest willingness to pay
b. The consumer would only consume if his surplus is greater than zero
c. The consumer would only consume if the price is higher than his highest willingness to pay
d. Both A&B

d

Economics

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Central Bank or called Fed

What will be an ideal response?

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If a man marries his hired housekeeper, the value of GDP:

a. rises. b. falls. c. is unchanged. d. rises, but the value of GDP falls.

Economics