2024 – Read and consider the Willingness to Pay example in Section 7 1 Chapter

Unit 4 Discussion – 2024

   

Read and consider the “Willingness to Pay” example in Section 7-1 (Chapter 7 Section 1). 

Now find and evaluate the willingness to pay, consumer surplus, demand, producer surplus, cost and willingness to sell of your own example.  (products to consider:  online ticket sales to sporting events, Vegas shows, eBay products, etc).

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