Consumers’ willingness to pay depends on what income and prices of related goods.

Consumers willingness to pay depends on the following - preference of customers; income and price of related goods.

The consumer will always pay if he wants to pay that means it depends on his preference. Secondly, the consumer will not pay out of his pocket limit that means he will pay according to his income. And also if the price of the related good is as per his limit.

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step-by-step explanation:

15%

step-by-step explanation:

use the table and count the number of guesses that has two correct answers.

the following are two correct answers

10010, 01100, 11000

a total of 3 numbers having 2 correct guesses out of 20 questions.

probability of getting 2 correct guesses = the number of questions getting 2 correct answers / total number of questions.

= 3/20

to convert it into percent multiply by 100, we get

= 3/20 * 100

= 15%

the answer is 15%

you.