Examples of Second-Degree Price Discrimination Include

question 71

Multiple Choice

Examples of second-degree price discrimination include:

• A) the retailer charging more if a wealthy customer wants to buy something
• B) the retailer charging less if a price-sensitive customer comes in
• C) early-bird specials at a restaurant offering lower-priced meals before 6 pm
• D) automobile and antiques dealers haggling with customers
• E) None of these are examples of second-degree price discrimination

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Definitions:

Fertilized Egg

An egg cell that has been penetrated by a sperm cell, initiating the development of a new organism.

Estrogens

A group of steroid hormones that promote the development and maintenance of female characteristics of the body.

Progesterone

A hormone released by the ovaries that plays a role in the menstrual cycle and pregnancy.

Menstruation

The monthly shedding of the uterine lining in females, part of the menstrual cycle that prepares the body for pregnancy.