Which of the following correctly states the difference between the observed discrepancy between willingness to pay and willingness to accept?
A.
Policy-makers ignore this type of survey because of its unreliability.
B.
Respondents tend to report higher values for willingness to accept than willingness to pay.
C.
Respondents tend to report the same values for willingness to accept and willingness to pay.
D.
Respondents tend to report higher values for willingness to pay than willingness to accept.