Answer to Question 1
The statement is incorrectprice discrimination allows the firm to increase its economic profit.
Answer to Question 2
Expectations about both future prices and future incomes may affect your demand for a product today. For example, if you expect the price of gasoline to rise tomorrow, you will want to fill up your car's gas tank today. Also, expectations about future incomes may affect purchases today. An individual who believes that he may soon be laid off from his job (and therefore see a drop in his income) will be unlikely to purchase a new car today.
This modified model of Easton’s systems theory puts government decision makers as the source of pol
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
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