Assume Joe is only willing to pay $5 for a Ferrari sports car. A) Joe
Assume Joe is only willing to pay $5 for a Ferrari sports car.
A) Joe is not considered part of the demand for Ferraris.
B) Joe most likely will not be sold a Ferrari.
C) Joe is not considered rational.
D) Joe’s willingness to pay is not indicative of how much he values the Ferrari.
ANSWER
B
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