In a Market,the Marginal Buyer Is the Buyer

question 56

Multiple Choice

In a market,the marginal buyer is the buyer

• A)whose willingness to pay is higher than that of all other buyers and potential buyers.
• B)whose willingness to pay is lower than that of all other buyers and potential buyers.
• C)who is willing to buy exactly one unit of the good.
• D)who would be the first to leave the market if the price were any higher.

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Definitions:

Median

Midpoint of a series, with an equal number of items above and below.

Statistical Abstract

A comprehensive summary of statistics on a particular topic, often compiled and published by governmental or research organizations.

Web Directory

A web directory is an online list or catalog of websites, organized in a hierarchy or interconnected list of categories.

Primary Research

The process of collecting original data directly from sources through methods like surveys, interviews, or experiments.