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Author Question: If a firm offers a senior citizen discount, A) the firm expects the average senior citizen to ... (Read 155 times)

codyclark

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on: Jul 1, 2018
If a firm offers a senior citizen discount,
 
  A) the firm expects the average senior citizen to have a lower price elasticity of demand.
  B) the firm expects the average senior citizen to have a higher price elasticity of demand.
  C) senior citizens may be offended.
  D) it may be prosecuted for discrimination.

Question 2

What is a primary difference between rebates and coupons?
 
  A) Coupons allow individuals to sort themselves into the high-elasticity group after the sale.
  B) Neither coupons nor rebates are redeemed in high numbers.
  C) Rebates allow individuals to sort themselves into the high-elasticity group after the sale.
  D) Coupons are legal and rebates are illegal.
Microeconomics ¦ Perloff ¦ 8th Edition
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jonathanballen97

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


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codyclark

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Reply #2 on: Jul 1, 2018
Thank you :)


jonathanballen97

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Reply #3 on: Jul 1, 2018
Happy to help you


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