A price discriminating monopolist will
A) charge a lower price to those consumers who have more elastic demand.
B) charge a higher price to those consumers who have more inelastic demand.
C) charge more to those consumers who have more substitute goods.
D) charge the same price to all consumers.
A
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When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, leading to a higher price level
Indicate whether the statement is true or false
If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created, their demand curve would shift:
A. down and they would consume more. B. down and they would consume less. C. up and they would consume less. D. up and they would consume more.
A country seeking to increase tourism will probably increase the production of
a. tractors b. hotels c. nuclear weapons d. artificial bologna
Why do free trade proponents applaud successful trade deflection?
A. It circumvents trade restrictions within regional trade blocs. B. It promotes more rules of origin laws. C. It decreases incentives for trade diversion. D. It increases trade restrictions within regional trade blocs.