Table: Willingness to Pay for Basketball Sneakers Consumer Jamichael Corey Rudy

Question

Table: Willingness to Pay for Basketball Sneakers Consumer Jamichael Corey Rudy Ray Javon Willingness to Pay $150 140 120 100 80 (Table: Willingness to Pay for Basketball Sneakers) The table Willingness to Pay for Basketball Sneakers shows each player's willingness to pay for basketball sneakers. Assume that each player wants to buy at most, one pair of sneakers. If the price of basketball sneakers is $125, which players will purchase sneakers? 0A.Jamichael, Corey, Rudy, and Ray B. Jamichael, Corey, and Rudy C.Jamichael and Corey D. Jamichael and Javon

Explanation / Answer

Answer
The price is P=$125
and the willingness to pay is a price at which consumer want to buy it or the maximum price can consumer pay if the price is above willingness to pay then the person so not buy it.
so
Jamichael and Corey buy it other will not afford it.
option C

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