Answer
$\uparrow$
Work Step by Step
Given that there is no change in the value of the item received, the purchaser will feel they have gotten a better value in the exchange if the price is lowered.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 2 - The Key Principles of Economics - Exercises - 2.3 The Principle of voluntary Exchange - Page 45: 3.3
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