In microeconomics, the Reservation Price is the maximum price a buyer is willing to buy a good or service, or the minimum price a seller is willing to sell a good or service. Reservation prices vary for the buyer according to their disposable income, their desire for the good, and the prices of, and their information about substitute goods.
This article is licensed under the GNU Free Documentation License.
It uses material from the
"Reservation price".
Home Page • arts • business • computers • games • health • hospitals • home • kids & teens • news • physicians • recreation• reference • regional • science • shopping • society • sports • world