At many amusement parks, customers who enter the park after 4 p.m. receive a steep discount on the price they pay. This is a type of price discrimination because the amusement park charges a lower price to
a. people who have a more elastic demand for amusement parks.
b. people with 9-to-5 jobs.
c. students who can't visit until after 4 p.m. anyway.
d. people who have a more inelastic demand for amusement parks.
a. people who have a more elastic demand for amusement parks.
Economics
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If there is a prolonged recession and, at the same time, technological advances change the skill sets of some jobs and eliminate others, what type of unemployment gets larger?
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Economics