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Question: Person A buys one unit of a good when its price is 10 pence and two units when its price is 5 pence. Would that person be willing to pay 13 pence for two units of the good, rather than forgo it in its entirety? What is the most that person A would pay for two units of the good, rather than forgo consuming it altogether?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92313617

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