The difference in prices for first-class and coach airline tickets exemplifies price discrimination
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
When Johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. This indicates that
a. demand was elastic. b. demand was inelastic. c. demand was unit elastic. d. the demand curve was vertical.
You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is ?4, while the elasticity of demand by non-Texans for a car wash is ?6. If you charge Texans $20 for a car wash, how much should you charge a man with Oklahoma license plates for a car wash?
A. $18.00 B. $15.00 C. $1.50 D. $20.00
Monetarists suggest doing which of the following?
A. Use fiscal policy to combat inflation in the long run. B. Use monetary policy to combat unemployment in the long run. C. Maintain a steady growth rate of the money supply. D. Use fiscal policy to combat unemployment in the short run.
A(n) ________ in human capital ________ the productivity of labor.
A. increase; has no impact on B. increase; increases C. decrease; has no impact on D. decrease; increases