Use the Following Excerpt from a Campus-Wide Announcement About a Concert

question 104

Multiple Choice

Use the following excerpt from a campus-wide announcement about a concert at the University of West Georgia (UWG) to answer the following questions:
The Band Perry [a Grammy-nominated country music act] will perform live at the University of West Georgia Coliseum on Sunday,April 22,as part of its Purveyors of Performance Tour 2012 ...Prices are $10 in advance or $15 on the day of the show for those with a UWG [Student] ID,and $20 in advance or $25 on the day of the show for the general public.

-Which price discrimination condition was satisfied by requiring students to show an ID card for an initial ticket purchase?

• A) The concert promoter was able to encourage the resale of the product or service to another student.
• B) The concert promoter was able to distinguish easily among groups of buyers with different price elasticities of demand.
• C) The concert promoter was able to prevent the resale of the product or service to another consumer who is willing to pay more.
• D) The concert promoter was able to distinguish easily among groups of sellers with different price elasticities of supply.
• E) The concert promoter was able to distinguish easily between true fans of the Band Perry and those who just wanted to see a cheap concert.