Which of the following is not an example of price discrimination by the only movie theater in town?
A. Charging a lower price for matinees.
B. Charging a lower price for people over the age of 65.
C. Charging one price at all times for all customers.
D. Charging a lower price for children under the age of 12.
Answer: C
You might also like to view...
Which of the following policies would increase the demand for loanable funds and thus investment spending?
a. A reduction in the investment tax credit. b. An increase in the corporate profits tax. c. A reduction in the capital gains tax. d. An increase in the investment tax credit. e. An increase in transfer payments.
Which of the following would not interfere with market equilibria?
a. a minimum wage b. a rent control c. a non-binding price floor d. a binding price ceiling
The marginal rate of substitution is
A. the slope of the utility curve. B. the slope of the contract curve. C. the slope of the utility possibilities curve. D. none of these answer options are correct.
Which of the following is a characteristic of capitalism?
A. equality of income B. government decision-making is preferred to decentralized decision-making C. market determination of prices and quantity D. government ownership of all capital