Price discrimination can be practiced only if products can be resold

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

The concept of externalities means that subsidizing education can be justified on the grounds that as a student becomes better educated, the student will

A) earn a higher income. B) enhance the lives of people around the student. C) make contributions to the student's alma mater. D) none of the above

Economics

Investment in human capital is very similar to investing in physical capital. True or false? Explain your answer

What will be an ideal response?

Economics

In the efficiency wage model with the efficiency wage above the market-clearing wage, when employment is at its full-employment level

A) labor supply equals labor demand. B) there is an excess supply of labor. C) there is an excess demand for labor. D) there could be either an excess demand for, or an excess supply of, labor.

Economics

If the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, calculate the arc price elasticity

A) -1.92 B) -1.64 C) -4 D) -2

Economics