Value and Price Can Be Compared by Noting That

question 275

Multiple Choice

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.

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Definitions:

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