Economics · Environmental Economics
Which valuation technique constructs a simulated or hypothetical market to elicit individuals' willingness to pay (WTP) for a non-market environmental good?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Travel cost method
- 2Contingent valuation method✓
- 3Hedonic pricing method
- 4Dose-response method
Correct answer
Contingent valuation method
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Environmental Economics MCQs →Want more practice questions on Environmental Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Environmental Economics