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WILLINGNESS TO PAY FOR RENEWABLE ENERGY The Case of the Lebanese Residential and Commercial Sector A CEDROUNDP Publication October 2015DISCLAIMER The contents of this document are the sole responsibility

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What is willingness to pay for?

Willingness to pay is an economic concept that represents the maximum amount an individual is willing to spend on a good or service.

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To fill out a willingness to pay form, provide the estimated maximum price you are willing to pay for the specified good or service, along with any additional required information such as personal details and context of the transaction.

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The purpose of willingness to pay is to gauge consumer preferences, inform pricing strategies, and assess market demand for products and services.

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Typically, the report on willingness to pay must include the individual's preferred price range, demographics, and reasoning behind their estimates.

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