Which of the Following Would Not Be Considered Price Discrimination

question 65

Multiple Choice

Which of the following would not be considered price discrimination?

• A)Long distance telephone rates are cheaper late at night.
• B)Airline fares are cheaper if you reserve several weeks in advance.
• C)The price of lettuce is 59 cents a head and two for a dollar.
• D)The price of a brand-name prescription drug is higher than the price of a generic brand.
• E)Senior citizens pay less for a movie.

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Definitions:

Circular Reasoning

Circular reasoning is a logical fallacy where the conclusion of an argument is assumed in one of the premises, offering no actual proof.

Alcoholic

A person who suffers from alcoholism, a chronic disease characterized by uncontrolled drinking and preoccupation with alcohol.

Inductive

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Deductive

Deductive reasoning involves drawing specific conclusions from a general statement or principle, often used in logical argumentation and mathematical proofs.