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Author Question: Price discrimination is the practice of A) charging different prices for the same good when the ... (Read 95 times)

jake

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Price discrimination is the practice of
 
  A) charging different prices for the same good when the price differences arise because of differences in cost.
  B) charging different prices for the same good when the price differences are not due to differences in cost.
  C) charging higher prices for brand-named goods and lower prices for generic versions of the goods.
  D) charging different prices for different qualities of a product.

Question 2

If Alan Shaw reduces his work hours when his salary increases, then
 
  A) the substitution effect of his salary increase dominates the income effect.
  B) leisure is an inferior good to Alan.
  C) the income effect of his salary increase dominates the substitution effect.
  D) the income effect of his salary increase is completely offset by the substitution effect.


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robbielu01

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jake

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Reply 2 on: Jun 29, 2018
:D TYSM


mcabuhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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