Which of the following is an example of price discrimination?
a. Seniors paying a lower price for tickets at movie theatres
b. Students paying discounted rates on travel
c. Tourists paying higher prices on local attractions than locals
d. All of the above
d
You might also like to view...
Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right. At the extreme right end, all 100 voters lie to the left. 
Suppose Candidate X is running against Candidate Y. If Candidate Z enters the race:
A. all of the voters who were going to vote for Y will now vote for Z. B. X will win because Y and Z will be competing for the same voters. C. approximately half of the voters who were going to vote for X will now vote for Z. D. most of the voters who were going to vote for Y will now vote for Z.
Goldin (2001) gives the U.S. investment in public education credit for boosting the U.S. labor force participation rates and helping the U.S. economy develop
Indicate whether the statement is true or false
Legal attempts to arrange one's financial decisions so as to pay the least tax possible are known as
a. tax evasion b. logrolling c. tax avoidance d. rent seeking e. underreporting
Suppose the Fed conducts an open market purchase. We can expect this transaction to
A) reduce the money supply, increase bond prices, and lower interest rates. B) increase the money supply, lower bond prices, and lower interest rates. C) increase the money supply, raise bond prices, and lower interest rates. D) reduce the money supply, reduce bond prices, and increase interest rates.