Author Question: If a firm offers a senior citizen discount, A) the firm expects the average senior citizen to ... (Read 164 times)

codyclark

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If a firm offers a senior citizen discount,
 
  A) the firm expects the average senior citizen to have a lower price elasticity of demand.
  B) the firm expects the average senior citizen to have a higher price elasticity of demand.
  C) senior citizens may be offended.
  D) it may be prosecuted for discrimination.

Question 2

What is a primary difference between rebates and coupons?
 
  A) Coupons allow individuals to sort themselves into the high-elasticity group after the sale.
  B) Neither coupons nor rebates are redeemed in high numbers.
  C) Rebates allow individuals to sort themselves into the high-elasticity group after the sale.
  D) Coupons are legal and rebates are illegal.


jonathanballen97

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Answer to Question 1

B

Answer to Question 2

C



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