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A buyer always wants to pay a price that is as _____ as possible, but never _____ than the buyer's willingness to pay.

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Answer: low: higher

Step-by-step explanation:

A buyer always wants to pay a price that is as low as possible, but never higher than the buyer's willingness to pay.

As a way to save costs, a buyer will always seek to pay the lowest price they can possibly pay for a good or service. This is why some buyers negotiate prices and seek trade discounts.

Buyers will however have in mind a maximum price that they would be willing to pay. This is called their willingness to pay and it is a threshold that they would not want to exceed. If a good's price is higher than their willingness to pay, they will not buy the good.

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