Declining-block quantity discrimination makes sense if
A) buyers of smaller quantities are more price sensitive than buyers of larger quantities.
B) buyers of smaller quantities are less price sensitive than buyers of larger quantities.
C) demand for the good is perfectly elastic.
D) the lower price for larger quantities encourages all consumers to purchase the larger quantity.
B
You might also like to view...
Which of the following is true about sole proprietorship in the United States?
a. It is the most common form of business organization. b. It is responsible for a large portion of total production of goods and services. c. It offers the owner the least personal liability of any form of business organization. d. There is no opportunity cost to operating the business. e. Only one individual can work in such a firm.
If you know the required reserve ratio, then you know how much each bank is holding in reserves
a. True b. False Indicate whether the statement is true or false
Which of the following equals demand in a closed economy?
A) C + I + G + X B) C + I + G + X - IM C) C + I + G + IM - X D) none of the above
A country's foreign exchange reserves refers to
A) the currency of the nation itself. B) the country's holdings of gold and internationally accepted currencies. C) the total amount of a country's currency held by other nations. D) the country's Special Drawing Rights (SDRs) at the IMF.