In Order for a Hotel to Successfully Price Discriminate So

question 67

Multiple Choice

In order for a hotel to successfully price discriminate so that senior citizens are given a discount,the hotel must be able to

• A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens.
• B) lower its prices to younger customers too.
• C) prevent senior citizens from reselling their rooms to younger customers.
• D) shift its demand curve rightward.
• E) determine if a senior citizen can pay a higher price.

---

Definitions:

Identification

The process whereby an individual aligns themselves with certain groups, ideals, or personalities in the development of their own identity.

Female Helpers

Women who assist or support others in various capacities, including domestic, professional, or volunteer roles.

Male Helpers

Refers to men who participate in support roles or engage in helping behaviors, often discussed in contexts of gender roles and social support.

Empathy-altruism Hypothesis

The empathy-altruism hypothesis is a theory stating that feelings of empathy for others can lead to an altruistic desire to help them, regardless of personal gain.