The existence of any consumer surplus in the market suggests that all of the following practices are possible in the market except which one?
A) third-degree price discrimination
B) first-degree price discrimination
C) second-degree price discrimination
D) a single price is charged to all consumers
B) first-degree price discrimination
Economics
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In the U.S., the employment ratio is highest among ________, and lowest among ________
A) women; both sexes combined B) men; college-educated workers C) women; men D) men; women
Economics
If the price rises and the total amount consumers spend on the good remains unchanged, then demand must be
A. elastic. B. perfectly inelastic. C. unit elastic. D. inelastic.
Economics