All of the following are possible ways to avoid price wars EXCEPT:
a. customer segmentation with revenue management
b. growing the market
c. reference prices and framing effects
d. to not start one
e. a through c
f. a through d
Indicate whether the statement is true or false
f
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Refer to the Article Summary. Based on the difference between the face value of Super Bowl tickets and the prices being charged in the resale market, the demand at the face value of the tickets is
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
Using the information in Situation 20-1, the equilibrium level of aggregate output is
A) $900 B) $8,000 C) $9,000 D) $10,000
Which of the following taxes is most likely to be shifted?
a. a property tax on an owner-occupied residence b. a progressive income tax c. a flat-rate state income tax d. a general sales tax
Which of the following is not included in the current account?
A. exports of goods B. imports of goods C. U.S. capital inflow and outflow D. unilateral transfers