Author Question: A supply curve reveals: A) the quantity of output consumers are willing to purchase at each ... (Read 65 times)

humphriesbr@me.com · **on:** Jul 1, 2018

A supply curve reveals:

A) the quantity of output consumers are willing to purchase at each possible market price.
B) the difference between quantity demanded and quantity supplied at each price.
C) the maximum level of output an industry can produce, regardless of price.
D) the quantity of output that producers are willing to produce and sell at each possible market price.

Question 2

An electric power company uses block pricing for electricity sales. Block pricing is an example of

A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) Block pricing is not a type of price discrimination.