Consumers who place a high value on a good are better off with pricing in the following order: 1)________; 2)________; 3)________
A) competitive market; perfect price discrimination; single-price monopoly
B) competitive market; single-price monopoly; perfect price discrimination
C) single-price monopoly; competitive market; perfect price discrimination
D) Unable to determine.
B
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Since 1960, per capita real GDP in the United States has nearly tripled.
Answer the following statement true (T) or false (F)
Why do societies face a tradeoff between the size of the economic pie and the degree of equality with which it is shared?
What will be an ideal response?
Which of the following is a valid statement?
a. Excess reserves = total reserves minus required reserves. b. Required reserves = the minimum reserves required by the Fed. c. Required reserve ratio = required reserves as a percentage to total deposits. d. All of these.
Which of the following would be most inelastic with regard to price?
a. a Samsung LCD television b. a Sony LCD television c. all LCD televisions d. Demand for all of the above would be equally elastic because none are necessities.