Author Question: In the above figure, Brendan originally consumes at point A. If his income rises and both compact ... (Read 80 times)

Engineer · **on:** Jun 29, 2018

In the above figure, Brendan originally consumes at point A. If his income rises and both compact discs and haircuts are normal goods then he could begin consuming at point

A) B, C, or D.
B) B.
C) C.
D) D.

Question 2

A perfect price discriminator

A) charges the maximum price for each unit that consumers are willing to pay.
B) is able to convince consumers to pay more for each unit than they are willing to pay.
C) is unable to make an economic profit.
D) disregards the market demand curve.