The price of a ride on the Washington, D.C. metro depends on the time of day you ride. This is an example of

A. exploitation.
B. inefficiency.
C. political interference with a market.
D. pricing to spread out demand.


Answer: D

Economics

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The above figure shows the U.S. market for wheat. When there is no international trade, consumer surplus is equal to ________

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Economics

When a binding price floor is imposed on a market to benefit sellers, a. no sellers actually benefit

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Economics

A 10 percent decrease in the price of potato chips leads to a 30 percent increase in the quantity of soda demanded. What does this indicate?

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Economics