Price discrimination is more likely in the case of services than in the case of goods because
A) producers of goods usually do not face downward sloping demand curves.
B) it is easier to distinguish customers with different elasticities of demand with respect to services than with goods.
C) elasticities of demand vary more with services than with goods.
D) it is more difficult to resell services.
D
Economics
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All of the following are determinants of net exports except
A. domestic and foreign incomes. B. relative price levels. C. domestic and foreign trade policies. D. producers' expectations about future prices.
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If the nominal money supply grows 10%, the inflation rate is 6%, and the income elasticity of money demand is 1.0, then real income growth equals
A) 1%. B) 2%. C) 3%. D) 4%.
Economics