Of the following, the most likely example of price discrimination is when:
A. restaurants charge different prices for chicken and beef.
B. hotels charge different rates for the same rooms when conventions are held.
C. supermarkets charge different prices for oranges and apples.
D. a firm sells different shoes for different prices.
Answer: B
You might also like to view...
If a person is waiting to be called back to a job from which she has been laid off, how is she classified by the Bureau of Labor Statistics?
A) as not in the labor force B) as an unemployed person C) as an employed person D) as a discouraged worker
In order for Say's law to hold in a money economy,
A) there must be more than four goods. B) funds saved must give rise to an equal amount of funds earned. C) funds saved must give rise to an equal amount of funds invested. D) none of the above