Price discrimination by sellers usually results in
A) coercing people into buying goods they don't want to purchase.
B) coercing people into paying higher prices than they want to pay.
C) less total but more net revenue for the seller.
D) new and additional opportunities for some buyers.
Question 2
Which of the following statements is true?
A) The basis for both first-degree price discrimination and third-degree price discrimination is differences in the buyers' willingness to pay for a good.
B) The basis for both first-degree price discrimination and third-degree price discrimination is differences in the sellers' willingness to accept payment for a good.
C) The basis for first-degree price discrimination is differences in willingness to pay, whereas the basis for third-degree price discrimination is differences in the sellers' willingness to accept payment for a good.
D) The basis for first-degree price discrimination is differences in the seller's willingness to accept payment for a good, whereas the basis for third-degree price discrimination is differences in buyers' willingness to pay for a good.
Eugène Delacroix, Liberty Leading the People.
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