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Author Question: One of the necessary conditions for price discrimination to occur is that: a. buyers in different ... (Read 31 times)

mcmcdaniel

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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.


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Gabe

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


mcmcdaniel

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
Excellent

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