One of the necessary conditions for price discrimination to occur ...

[mcmcdaniel]

One of the necessary conditions for price discrimination to occur is that:
 a. buyers in different markets have different elasticities of demand.
  b. the demand curve is upward sloping.
  c. buyers must be allowed to resell the good at a higher price elsewhere.
  d. all of these are necessary for price discrimination to occur.

Question 2

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity demanded because buyers:
 a. purchase more complementary goods.
  b. purchase more substitute goods.
  c. purchase fewer substitute goods.
  d. have more real income.

[Gabe]

Answer to Question 1

a

Answer to Question 2

c

[mcmcdaniel]

Gracias!

[coreycathey]

Excellent