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Author Question: A hotel with market power charges customers who check in before 5:00 pm more than those who check in ... (Read 48 times)

lilldybug07

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A hotel with market power charges customers who check in before 5:00 pm more than those who check in after 5:00 pm. Those who check in early are much more likely to use the hotel's pool.
 
  Explain why this price difference may not be price discrimination.

Question 2

Some environmental groups are on record suggesting that the price of gasoline should be much higher than it was in the early 1990s. Why might they say this?
 
  A) They own stock in oil companies.
  B) They anticipate that the longer the price is high, the more elastic the response by consumers will be.
  C) They anticipate that the longer the price is high, the less elastic the response by consumers will be.
  D) They anticipate that higher prices will reduce the price elasticity of supply of oil.


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ambernicolefink

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lilldybug07

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Reply 2 on: Jul 1, 2018
:D TYSM


TheNamesImani

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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