All of the Following Except One Are Examples of Price

question 90

Multiple Choice

All of the following except one are examples of price discrimination.Which is the exception?

• A)An airline charges different prices to different travelers.
• B)A telephone company charges different rates according to the time of use.
• C)A professional gardener is able to buy plants at a lower price than a householder can.
• D)An electricity company charges lower rates during the daytime compared to night time.
• E)A hairdresser charges different rates according to the age of his clients.

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Definitions:

Compounded Monthly

A method of calculating interest whereby the accumulated interest is added back to the principal sum, and future interest is calculated on the new total each month.

Student Loans

Borrowed money that is used to pay for higher education expenses, which must be repaid with interest.

Compounded Monthly

A method where interest earnings are calculated and added to the principal sum each month, leading to increased interest in the next period.

Mortgage Loan

A loan secured by real property through the use of a mortgage note.