Which is not an example of price discriminating by separating markets?
a. offering discounts for students with IDs.
b. charging lower prices for airline tickets with a Saturday stay-over.
c. selling 13 bagels (a "baker's dozen") for the price of 12.
d. selling snowblowers at a discount in relatively warmer climates.
c
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Along the aggregate supply curve
A) the horizontal part represents a situation where the economy is operating above full employment levels. B) inflation would be a primary concern along the horizontal part of the aggregate supply curve. C) the horizontal section of the aggregate supply curve represents the limit of production. D) the middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.
The price elasticity of supply measures how responsive
a. equilibrium price is to equilibrium quantity. b. sellers are to a change in buyers' income. c. sellers are to a change in price. d. consumers are to the number of substitutes.