« previous next »

Author Question: A price-discriminating monopoly charges the lowest price to the group that: a. has the most elastic ... (Read 73 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
A price-discriminating monopoly charges the lowest price to the group that:
 a. has the most elastic demand.
  b. purchases the largest quantity.
  c. engages in the most arbitrage.
  d. is least responsive to price changes.

Question 2

Which of the following would cause a consumer to purchase less of a good when the price of the good rises?
 a. The income effect
  b. The substitution effect
  c. Both a and b
  d. Neither a nor b


soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

The planar peptide group The planar peptide group
The heme group viewed from the side. This view shows the two coordination bonds to Fe2+ The heme group viewed from the side. This view shows the two coordination bonds to Fe2+
Distribution of bonding and outer nonbonding electrons in the peptide group Distribution of bonding and outer nonbonding electrons in the peptide group
Scientists (group photo) Scientists (group photo)
Members of the Lemba ethnic group from southern Africa. Members of the Lemba ethnic group from southern Africa.
Electric Charges Electric Charges
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library