A national chain of bookstores has initiated a frequent buyer program. If you buy a frequent buyer card for $10, you are entitled to a 10 percent discount on all purchases for 1 year. This practice is an example of:
A) peak-load pricing.
B) intertemporal price discrimination.
C) two-part tariff.
D) bundling.
E) Both A and B are correct.
C
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A price ceiling set below the equilibrium price is binding
a. True b. False Indicate whether the statement is true or false
A real variable is one that is
a. not adjusted for the dollar's changing value b. measured in current dollars c. adjusted for the dollar's changing value d. not measured in terms of goods and services e. not adjusted for changes in the price level
In the short run, the dominant effect of deficit reduction causes an
a. outward shift of the aggregate supply curve. b. inward shift of the aggregate supply curve. c. outward shift of the aggregate demand curve. d. inward shift of the aggregate demand curve.
Refer to the table below. If an excise tax of $3 per unit is imposed on this product, the tax revenue for the government will be:
The following table gives data for the market for a product.
A. $60
B. $50
C. $90
D. $70