Who do you think would have a higher willingness to pay

Reference no: EM131916044

Problem

Bill is a professional photographer. His camera is broken, and he needs a new one within the next hour, or he will miss an important deadline. Lisa is a high-school student who doesn't have a camera but wants to get one to take pictures at her prom next month. Who do you think would have a higher willingness to pay for a particular camera today? Why?

Reference no: EM131916044

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