Value and price can be compared by noting that
A) they are the same thing.
B) value is always greater than price.
C) value is what we must pay, while price is what we are willing to pay.
D) price is what we must pay, and value is what we are willing to pay.
E) value is what the seller receives when we buy a good, and price is what we must pay when we buy a good.
D
Economics
You might also like to view...
If $30 billion in new investment was added to the economy and MPC was 0.90, real GDP would increase by:
a. $30 billion. b. $90 billion. c. $100 billion. d. $210 billion. e. $300 billion.
Economics
Price elasticity of demand along a linear, downward-sloping demand curve decreases as price falls
a. True b. False Indicate whether the statement is true or false
Economics