(Last Word) Which of the following is not an example of pricing based on group differences in elasticity of demand?
A. Senior-citizen discounts at restaurants and motels.
B. Cash rebates for purchases of automobiles.
C. Child discounts for admission to theme parks.
D. Discounted student prices for visits to museums.
Answer: B
Economics
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How will the invisible hand move corn prices in response to:
a. a flood that destroys a great deal of the corn crop? b. a rise in the price of wheat (a substitute for corn)? c. a change in consumer tastes away from corn dogs toward hot dogs? d. an increase in the number of people with access to the corn market?
Economics
Suppose that initially there is no public debt. Using the above table, the public debt over this four year period would have
A) increased by $215. B) decreased by $100. C) increased by $1,375. D) decreased by $1,590.
Economics