When you buy at a low price in one market then sell at a higher price in another market you are engaging in
A) arbitrage. B) price discrimination.
C) odd pricing. D) an antitrust prohibited practice.
A
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Economic models are often expressed in
A. equations. B. words. C. graphs. D. physical objects.
The marginal social cost of burning garbage in Houston is the sum of the marginal private cost and the marginal external cost." Is this assertion correct or incorrect?
What will be an ideal response?
The income effect of a price change refers to the impact of a change in
A) income on the price of a good. B) the quantity demanded when income changes. C) the price of a good on a consumer's purchasing power. D) demand when income changes.
Make use of the quantity theory of money to solve the following problem
If the Fed has an inflation target of 2% and the velocity of money is constant, by how much should it increase the money supply each year if economic growth is expected to average 3%?