An Example of Price Discrimination Is the Price Charged For

question 164

Multiple Choice

An example of price discrimination is the price charged for:

• A) troll dolls.
• B) college admission.
• C) textbooks.
• D) diamonds.

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Definitions:

Progressive Income-tax

A tax system where the tax rate increases as the taxable amount increases, typically imposing higher taxes on higher income earners.

Price Elasticity

A measure of how sensitive the demand or supply of a product is to changes in price, indicating how quantities demanded or supplied respond to price changes.

Excise Tax

A tax applied to specific goods, such as alcohol and tobacco, typically to discourage their consumption or raise government revenue.

CAM Treatment

Stands for Complementary and Alternative Medicine, encompassing a wide range of health care practices, products, and therapies not traditionally associated with conventional medicine.