Electric companies generally practice price discrimination and charge higher prices for electricity used for illumination and lower prices for electricity used for heat. These lower prices for electric heating result primarily from:
A. The existence of good heating substitutes
B. Economies of scale in electric heat generation
C. Prices for electric heat being set at the socially optimal level
D. Strict government regulation of the price charged for electric heat
A. The existence of good heating substitutes
Economics
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Which of the following is likely to shift the market demand curve for school textbooks to the right?
A) A fall in the price of school textbooks B) An increase in school tuition fees C) A fall in the total income of all consumers D) An increase in the enrollment rates in high schools
Economics
If a person has a comparative advantage in some activity, she must have an absolute advantage in that activity as well
Indicate whether the statement is true or false
Economics