One of the Necessary Conditions for Price Discrimination to Occur

question 143

Multiple Choice

One of the necessary conditions for price discrimination to occur is that:

• A) buyers in different markets have different elasticities of demand.
• B) the demand curve is upward sloping.
• C) buyers must be allowed to resell the good at a higher price elsewhere.
• D) all of the above are necessary for price discrimination to occur.

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Definitions:

Momentum Buildup

The process of gaining velocity or strength in a physical object or within a context, often used metaphorically to describe projects or campaigns.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Predicted Salary

An estimate of the amount of money an individual is expected to earn in a specific role or job position.

Years Of Education

The total number of years an individual has spent in formal education systems, including primary, secondary, and tertiary education.