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Author Question: Which of the following is a necessary condition for price discrimination? a. The seller must be ... (Read 31 times)

asd123

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on: Jun 30, 2018
Which of the following is a necessary condition for price discrimination?
 a. The seller must be able to divide the markets according to the different price elasticities of demand.
  b. It must be difficult for one buyer to resell to another buyer.
  c. Both a and b.
  d. Neither a nor b.

Question 2

Assume the price of pizza decreases. As a result, your real income increases and you increase the quantity of pizza purchased each month. This is an example of the:
 a. substitution effect.
  b. income effect.
  c. revenue effect.
  d. consumer price effect.


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yeungji

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

c

Answer to Question 2

b


asd123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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