Which of the Following Is a Necessary Condition for Price

question 172

Multiple Choice

Which of the following is a necessary condition for price discrimination to be profitable?

• A) All consumers must have an identical demand for the product.
• B) Groups of consumers with different demand elasticities must be easily distinguishable.
• C) The market demand for the product must be highly elastic.
• D) It must be possible for buyers to resell the product at a low cost.

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Definitions:

Emancipated

Refers to being freed from legal, social, or political restrictions; commonly used in historical contexts to describe the freeing of slaves.

African Slaves

Individuals from Africa who were forcefully transported to and enslaved in various parts of the world, especially in the Americas, from the 16th to the 19th centuries.

Jim Crow

Laws and practices enforcing racial segregation and discrimination against African Americans, particularly in the southern United States, from the late 19th century to the mid-20th century.

Minstrel Shows

A form of entertainment in the 19th and early 20th centuries in America that stereotypically depicted African Americans through blackface performances.