Prices that firms charge should take into account the elasticity of demand
Indicate whether the statement is true or false
True
Economics
You might also like to view...
A Broadway theater sells weekday show tickets at a lower price than for a weekend show. This is an example of:
A. peak-load pricing. B. price discrimination. C. price discrimination or peak-load pricing. D. None of the statements is correct.
Economics
A budget deficit exists if government spending ________.
a. is less than tax revenue (government budget surplus) b. is more than tax revenue. c. equals to tax revenue d. it is impossible to have a budget deficit
Economics