Promotional pricing is designed to take advantage of differences in the price elasticity of demand among customers. As such, it is an application of first-degree price discrimination

Indicate whether the statement is true or false

FALSE

Economics

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The shorter is the interval between firms' price adjustments,

A) a given unexpected increase in aggregate demand will cause a larger increase in output. B) the greater is the scope for activist policies to stabilize the economy. C) the smaller is the scope for activist policies to stabilize the economy. D) a given unexpected increase in aggregate demand will cause a smaller increase in the price level in the short run.

Economics

In a particular town, Comvision and Veriview are the only two providers of cable TV service. Comvision and Veriview constitute a

a. duopoly, whether they collude or not. b. cartel, whether they collude or not. c. Nash industry, whether they collude or not. d. monopolistically competitive market if they charge the same price.

Economics