Exam (elaborations)
ECON 201 exam 2 - Oregon State University exam with complete solution graded A+
- Course
- Institution
willingness to pay (reservation price) - the maximum price that a buyer would be willing to pay for a good or service willingness to sell - the minimum price that a seller is willing to accept in exchange for a good or service surplus - a way of measuring who benefits and by how much producer ...
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