In order for a hotel to successfully price discriminate so that senior citizens are given a discount, the hotel must be able to

A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens.
B) lower its prices to younger customers too.
C) prevent senior citizens from reselling their rooms to younger customers.
D) shift its demand curve rightward.
E) determine if a senior citizen can pay a higher price.

C

Economics

You might also like to view...

A $0.50 tax levied on the buyers of pomegranate juice will shift the demand curve

A. downward by less than $0.50. B. downward by exactly $0.50. C. upward by exactly $0.50. D. upward by less than $0.50.

Economics

The figure above shows the market for milk. The ________ price that producers must be offered to get them to produce 100 gallons of milk per day is ________

A) maximum; $2.50 B) minimum; $3.00 C) maximum; $4.00 D) minimum; $2.50

Economics