A seller's willingness to sell:
A. is the maximum price that a seller is willing to accept in exchange for a good or service.
B. is his or her reserved minimum bid-price.
C. is the minimum price that a seller is willing to accept in exchange for a good or service.
D. must always equal the buyer's willingness to buy.
Answer: C
Economics
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The size of the test
A) is the probability of committing a type I error. B) is the same as the sample size. C) is always equal to (1-the power of test). D) can be greater than 1 in extreme examples.
Economics
Carefully explain how the imposition of a tariff is different for a large country (that can affect the world price) than a small country
What will be an ideal response?
Economics