Which would definitely not be an example of price discrimination?
A. A theater charges children less than adults for a movie
B. Universities charge higher tuition for out-of-state residents
C. A doctor charges for services according to the income of patients
D. An electric power company charges less for electricity used during off-peak hours when production costs are lower
D. An electric power company charges less for electricity used during off-peak hours when production costs are lower
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When Airbnb customers in Malibu start paying hotel taxes, this will have the potential to ________ the equilibrium price in this market and, therefore, ________ efficiency
A) raise; increase B) raise; decrease C) lower; decrease D) lower; increase
If a price ceiling is not binding, then it will have no effect on the market
a. True b. False Indicate whether the statement is true or false