Author Question: The assertion that income accrues to people as a consequence of interactions among suppliers and ... (Read 200 times)

tth · **on:** Jun 29, 2018

The assertion that income accrues to people as a consequence of interactions among suppliers and demanders

A) amounts to an endorsement of the existing system.
B) amounts to an endorsement of the pattern of income distribution.
C) ignores the fact that the interactions are often unfair.
D) offers a way of approaching the issue of income distribution.

Question 2

Price discrimination is never perfect because:

A) it increases consumer surplus.
B) it is regulated by the government.
C) it lowers profits of producers to an extent.
D) it is impossible to know consumers' willingness to pay.