Which of the following is not an example of price discrimination?
a. Senior citizen discount at the movies
b. Grocery coupons
c. Children haircuts
d. Charging a higher price for ice-cream during the summer and a lower price in the winter
d
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Uber has come under criticism for its surge pricing because consumers see it as
A) equally fair for firms to raise prices after an increase in costs and as a result of an increase in demand. B) completely unfair for firms to raise prices after an increase in costs or as a result of an increase in demand. C) more fair for firms to raise prices after an increase in costs than as a result of an increase in demand. D) more fair for firms to raise prices after an increase in demand than as a result of an increase in costs.
As the wage rate increases,
a. the demand for labor decreases. b. the demand for labor increases. c. the quantity demanded for labor decreases. d. the quantity demanded for labor increases.
"If aggregate planned expenditure exceeds real GDP, then aggregate expenditure and real GDP will increase." Explain whether the previous sentence is correct or incorrect
What will be an ideal response?
The slope of a straight line is
A) always equal to zero. B) calculated as y/x at any point. C) constant. D) always greater than zero.