The Maximum Price That a Buyer Is Willing to Pay

question 173

Multiple Choice

The maximum price that a buyer is willing to pay for a good measures his

• A)consumer surplus.
• B)marginal benefit.
• C)willingness to pay.
• D)producer surplus.

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Definitions:

5-HTTLPR

A genetic variant in the serotonin transporter gene (SLC6A4) associated with influences on mood, emotion, and behavior.

Genotype

The genetic constitution of an individual organism, referring to the specific allele makeup inherited from parents.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think and how you act, characterized by persistent feelings of sadness and/or loss of interest.

5-HTTLPR

A genetic variation in the promoter region of the serotonin transporter gene, which has been studied for its association with psychiatric disorders and traits.