One of the conditions under which price discrimination is profitable is:
A. ability to identify consumer types.
B. differences in demand elasticities.
C. inability to resell the good.
D. All of the statements associated with this question are correct.
Answer: D
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The presence of efficiency, minimum and union wages
A) can explain job rationing because they lower the real wage rate below equilibrium. B) does not affect job rationing because they affect only the amount of job search. C) can explain job rationing because they raise the real wage rate above equilibrium. D) can explain job rationing because they lower the natural unemployment rate. E) cannot explain job rationing because they are a natural part of the economy.
Which of the following is an important ingredient of efficient economic organization
What will be an ideal response?
Recall the Application about low-price guarantees and the prices of tires to answer the following question(s).Recall the Application. From a pricing standpoint, low-price guarantees seem to benefit:
A. the buyer. B. the seller. C. both the buyer and the seller. D. neither the buyer nor the seller.
GDP figures are in billions of dollars
Refer to the above table. What is the GDP price index in Year 1?
A.
105.2
B.
108.3
C.
109.6
D.
111.5