Which of the following will not change the demand for office visits to the physician?
a. unusually cold and damp weather during the winter.
b. a change in the price of an office visit.
c. layoffs at the local plant causing a decrease in the number of people with health insurance in the community.
d. television advertising by drug manufacturers to promote a new over-the-counter influenza treatment.
e. they all change the demand for office visits.
B
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What will be an ideal response?
Third-degree price discrimination exists when
A) the seller knows exactly how much each potential customer is willing to pay and will charge accordingly. B) different prices are charged by blocks of services. C) when the seller can separate markets by geography, income, age, etc., and charge different prices to these different groups. D) when the seller will bargain with buyers in each of the markets to obtain the best possible price.