Economists Do Not Think Price Discrimination Is Unfair Because

question 17

Multiple Choice

Economists do not think price discrimination is unfair because

• A) people with higher incomes should pay higher prices than those with lower incomes.
• B) if the prices charged to some buyers get too high, those who are able to buy at lower prices will just resell their purchases to the people facing the high prices.
• C) economists are concerned with efficiency rather than fairness.
• D) more buyers are able to purchase the good with price discrimination, some buyers pay a lower price than if there were a single price, and sellers earn higher profit than if there were a single price.

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Definitions:

Tap Water

Liquid water provided to homes and businesses through pipes and taps from a local water supply system.

Enemas Until Clear

A medical procedure that involves repeated administration of enemas to cleanse the bowel until no solid feces are seen, often used prior to medical or surgical procedures.

Physiological Normal Saline

An isotonic solution of sodium chloride used in medical treatments, closely mimicking the concentration found in the body.

Tap-Water Enema Solution

A preparation of tap water used for an enema, a procedure to cleanse the bowel by introducing fluids into the rectum.