A photograph processing machine company requiring customers who buy a processing machine to purchase chemicals and photographic paper from it is an example of
A) bundling.
B) a requirement tie-in sale.
C) quantity discrimination.
D) a two-part tariff.
B
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The quantity of loanable funds demanded increases if the real interest rate falls, all other things remaining the same, because the real interest rate
A) is the opportunity cost of investment. B) is not related to the price of bonds and stocks. C) affects the supply of saving which, in turn, determines the quantity of investment. D) affects the quantity of saving supplied. E) determines the cost of living.
Which act of Congress declared tying contracts, exclusive dealing, and price discrimination illegal?
A. Celler-Kefauver Act. B. Sherman Antitrust Act. C. Clayton Act. D. Robinson-Patman Act.
The ________ broadly we define a market, the less difficult it becomes to find ________.
A. less; substitutes B. more; goods independent of each other C. more; substitutes D. more; complements
When demand is perfectly inelastic, there is no change in quantity demanded after a change in price.
Answer the following statement true (T) or false (F)