Consider the Following Statement: "Price Discrimination Is Harmful to Society

question 88

Multiple Choice

Consider the following statement: "Price discrimination is harmful to society and should not be tolerated under any circumstance." Why is this statement false?

• A)Price discrimination always leads to lower prices and higher quantities.
• B)Price discrimination can allow for some consumers to be made better off because they are able to buy a product or service that was otherwise unaffordable.
• C)Price discrimination leads to higher prices for all consumers and a reduction in consumer surplus.
• D)Price discrimination reduces total quantity exchanged and therefore reduces the sum of producer and consumer surplus.
• E)Price discrimination violates the Canadian Charter of Rights and Freedoms.

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