« previous next »

Author Question: A price-discriminating monopoly charges the lowest price to the group that: a. has the most elastic ... (Read 68 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?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

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?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Elk pellet group Elk pellet group
Elastic cartilage Ear Elastic cartilage Ear
Scientists (group photo) Scientists (group photo)
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ... A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...
In 1974 a UC Berkeley group fired an oxygen nucleus at a californium target. Giv In 1974 a UC Berkeley group fired an oxygen nucleus at a californium target. Giv
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library