A local restaurant sells strawberry pie for $3.00 per slice. However, if you order the prime rib dinner, you can get a slice of pie for only a dollar. This is an example of
A) bundling.
B) second-degree price discrimination.
C) a two-part tariff.
D) tying.
E) none of the above
A
You might also like to view...
Which of the following statements is true?
A) Economic growth always reduces poverty. B) Economic growth is ineffective in reducing both poverty and inequality. C) Economic growth always reduces inequality. D) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality.
The ________ in a country's GDP during a recession is smaller if wages are ________
A) fall; rigid B) increase; rigid C) fall; flexible D) increase; flexible
The theory that there is no way to "get rich quick" in securities due to a lack of predictable trends is
A) no-win theory. B) market trend analysis. C) random walk theory. D) trading.
The exchange rate between the dollar and the Swiss franc is $1 = 4 francs and the price of an imported Swiss box of chocolates is $5. If the exchange rate changes to $1 = 2 francs, the dollar price of the Swiss chocolates
A. rises to $20. B. falls to $2.50. C. rises to $10. D. does not change.