In a Price-Discrimination Setting,who Pays the Higher Price for the Same

question 174

Multiple Choice

In a price-discrimination setting,who pays the higher price for the same good?

• A) Consumers with the most inelastic demand pay the highest price.
• B) Consumers with the most elastic demand pay the highest price.
• C) All consumers pay the same high price.
• D) It is unknown which consumers would pay the higher price.
• E) The consumers with the most inelastic supply pay the highest price.

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Definitions:

Organizational

Pertaining to the structure and function of an organization or the process of organizing.

Human Capital

The combined abilities, expertise, or non-material assets possessed by people, which can generate economic benefits for the person, their place of work, or their community.

Organizational Trends

Patterns or movements observed within the realm of organizations, affecting structure, culture, technology, or management practices over time.

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Organizations established for purposes other than making a profit, focusing on social, educational, or humanitarian objectives.