The Wells Fargo Bank Tower in downtown Los Angeles displays a sign at its parking entrance that clearly shows that the per-hour parking charges are higher for people who visit the building for a short while. How is this consistent with the general principle of price discrimination?
A document courier whose customers want quick pickup and delivery wants to stay for only the short time required to visit a customer's office. Even if a cheaper lot is only a block away, there will be a 15-minute round-trip walk to Wells Fargo. Hence he is an inelastic demander of space in this particular building and is willing to pay a higher price to save time.
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Economic data:
A. are sometimes revised months or years after their initial release. B. are never fully reliable, even after years of revisions. C. tend to be completely reliable and accurate when first reported. D. are meaningless if not interpreted by a policymaker with good instincts.
Explain why the rates of death due to kidney disease and diabetes have slightly increased in the United States since 1981
What will be an ideal response?