This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One of the necessary conditions for price discrimination to occur is that: a. buyers in different ... (Read 75 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
One of the necessary conditions for price discrimination to occur is that:
 a. buyers in different markets have different elasticities of demand.
  b. the demand curve is upward sloping.
  c. buyers must be allowed to resell the good at a higher price elsewhere.
  d. all of these are necessary for price discrimination to occur.

Question 2

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity demanded because buyers:
 a. purchase more complementary goods.
  b. purchase more substitute goods.
  c. purchase fewer substitute goods.
  d. have more real income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Gabe

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a
An individual's performance can be limited by environmental conditions, such as temperature. Ac An individual's performance can be limited by environmental conditions, such as temperature. Ac
The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
Four cutaneous receptors that occur in human skin. Four cutaneous receptors that occur in human skin.
Canadian seniors who suffer from select chronic conditions Canadian seniors who suffer from select chronic conditions
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library