A firm switching from a single price to a price discrimination scheme will ________ the price for the group of consumers with a relatively elastic demand and ________ the price for the group of consumers with a relatively inelastic demand.
A. decrease; increase
B. decrease; decrease
C. increase; increase
D. increase; decrease
Answer: A
Economics
You might also like to view...
The rate of unemployment when the economy is fully employed is called the
A. full-employment rate of unemployment. B. natural rate of unemployment. C. frictional rate of unemployment. D. structural rate of unemployment.
Economics
In the above table, what is the marginal revenue product of the 1st worker?
A) $92 B) $70 C) $40 D) $8
Economics
A baby boom will have what immediate effect on the disposable diaper market?
A. Supply decreases. B. Supply increases. C. Demand decreases. D. Demand increases.
Economics
The first discovery of the water-soluble material used in contact lenses is an example of:
A. innovation. B. invention. C. creative destruction. D. diffusion.
Economics