« previous next »

Author Question: One necessary condition for effective price discrimination is: a. identical tastes among buyers. ... (Read 125 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
One necessary condition for effective price discrimination is:
 a. identical tastes among buyers.
  b. difference in the price elasticity of demand among buyers.
  c. a single, homogeneous market.
  d. two or more markets with easy resale of products between them.

Question 2

According to the income effect, when the price of automobiles rises, people buy fewer automobiles because:
 a. they substitute other forms of transportation for driving.
  b. the nominal amount of their paychecks is smaller.
  c. the purchasing power of their income is reduced.
  d. their demand for automobiles is very elastic.


miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ... Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ...
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library