True or False: Keeping his maximum willingness to pay for an apartment in mind, Carlos will not buy the apartment because it would be worth less to him than its market price of $180,000.

True

Explanation:

Suppose Carlos is willing to pay a total of $135,000 for an apartment.

True or False: Keeping his maximum willingness to pay for an apartment in mind, Carlos will not buy the apartment because it would be worth less to him than its market price of $180,000.

Maximum willingness to pay is the maximum amount/price a buyer is willing to pay to purchase a good or service.

The market price of the apartment is $180,000 while Carlos is willing to pay $135000 or less to buy an appartment. Therefore, Carlos will not buy the appartment worth $180000 as the price is higher than what he is willing to pay.

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