All of the following are examples of price discrimination EXCEPT
A) buy-one-get-one-free offers.
B) "early bird specials" at a restaurant.
C) lower ticket prices for matinee performances.
D) "buy now, pay later" payment options.
D
Economics
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If the price elasticity of supply for a good is 10, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics
The cross elasticity of demand for strawberry jelly and grape jelly is likely to be
A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) negative because they are inferior goods.
Economics