-Bob Is the Only Carpet Installer in a Small Isolated

question 84

Multiple Choice

-Bob is the only carpet installer in a small isolated town.The above figure shows the demand curves of two distinct groups of customers-residential and business.Bob is likely to price discriminate because

• A) elasticities differ across markets.
• B) the installation of carpets cannot be resold.
• C) Bob can probably identify which consumers belong to which segment.
• D) All of the above.

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Definitions:

Genetic Predisposition

An inherited increase in the likelihood of developing a particular disease based on one's genetic makeup.

Nutrients

Substances obtained from food that are essential for maintaining health and growth, including vitamins, minerals, carbohydrates, and proteins.

Fiber

Dietary material containing substances such as cellulose, which are resistant to the action of digestive enzymes and are important for bowel health.

Vitamins

Organic compounds that organisms need in small amounts for various biochemical functions and are essential for normal growth and metabolism.