Price discriminating firms often ________ prices to children and the elderly because they have a ________ willingness to pay than other consumers.
A. discount; lower
B. discount; higher
C. charge higher; lower
D. charge higher; greater
Answer: A
Economics
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If all prices, including the price of beef, increase by 3%, then the relative price of beef has ________ and inflation ________.
A. remained constant; has not occurred B. remained constant; has occurred C. increased; has not occurred D. increased; has occurred
Economics
About 1 out of every _______ Americans is poor.
A. 3 B. 4 C. 6 D. 8
Economics