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\begin{tabular}{|l|l|}
\hline Buyer & Willingness To Pay \\
\hline Calvin & [tex]$\$[/tex] 150.00[tex]$ \\
\hline Sam & $[/tex]\[tex]$ 135.00$[/tex] \\
\hline Andrew & [tex]$\$[/tex] 120.00[tex]$ \\
\hline Lori & $[/tex]\[tex]$ 100.00$[/tex] \\
\hline
\end{tabular}

Refer to Table 7-1. If the price of the product is [tex]$\$[/tex] 90$, then who would be willing to purchase the product?

A. Calvin

B. Calvin and Sam

C. Calvin, Sam, and Andrew

D. Calvin, Sam, Andrew, and Lori



Answer :

GinnyAnswer
Let's analyze the provided table to determine which buyers are willing to purchase the product at the given price.

The product's price is [tex]$90. First, we need to compare each buyer's willingness to pay against the product's price. - Calvin: Willingness to pay is $[/tex]150.00.
- Since [tex]$150.00 >= $[/tex]90.00, Calvin is willing to purchase the product.
- Sam: Willingness to pay is [tex]$135.00. - Since $[/tex]135.00 >= [tex]$90.00, Sam is willing to purchase the product. - Andrew: Willingness to pay is $[/tex]120.00.
- Since [tex]$120.00 >= $[/tex]90.00, Andrew is willing to purchase the product.
- Lori: Willingness to pay is [tex]$100.00. - Since $[/tex]100.00 >= [tex]$90.00, Lori is willing to purchase the product. Therefore, all four buyers (Calvin, Sam, Andrew, and Lori) are willing to purchase the product at the price of $[/tex]90.

Thus, the correct answer is:

d) Calvin, Sam, Andrew, and Lori

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