Refer to the information provided in Figure 6.6 below to answer the question(s) that follow. Figure 6.6Refer to Figure 6.6. Bill's budget constraint is CD. If the price of bell peppers increases, Bill's new budget constraint is

When firms charge different prices to different consumers for the same good or service, it is referred to as ________

A) price bias B) shadow pricing C) predatory pricing D) price discrimination

How does the imposition of a penalty for possessing an illegal drug influence demand, supply, price, and the quantity of the drug consumed?

What will be an ideal response?