During a hot summer weekend, the only supermarket near the beach decides to charge consumers $6.50 for the first 12-pack of soda pop, $5.50 for the second and third 12-packs, and $5.25 for all subsequent purchases during the same shopping trip
This would be considered A) an example of declining-block pricing.
B) not very smart since consumers will buy soda pop regardless of the price.
C) an example of monopoly pricing.
D) an example of an inelastic demand curve.
A
Economics
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