If a firm offers a senior citizen discount,
A) the firm expects the average senior citizen to have a lower price elasticity of demand.
B) the firm expects the average senior citizen to have a higher price elasticity of demand.
C) senior citizens may be offended.
D) it may be prosecuted for discrimination.
B
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Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year three, is ________
A) 7200 B) 8250 C) 1050 D) 7500 E) none of the above
A manager believes there is a 5 percent chance their firm will have to pay $1,000,000 and a 95 percent chance they will be found innocent and pay nothing except the legal fees of $100,000. If the manager chooses to not enter into the litigation and to settle for $150,000 (pay the plaintiff), which of the following is true?
A) The manager is a risk lover. B) The manager is risk neutral. C) The manager is risk intolerant. D) The manager is risk averse.
In an open economy, the demand for loanable funds comes from both domestic investment and net capital outflow
a. True b. False Indicate whether the statement is true or false
Banks will hold additional excess reserves when
A. loans to customers look safe and interest rates are high. B. they anticipate a bank audit. C. loans to customers look risky and interest rates are low. D. the economy is booming and there is a large demand for loans.