Examples of Second-Degree Price Discrimination Include

question 32

Multiple Choice

Examples of second-degree price discrimination include:

• A) the retailer charging more if a wealthy customer wants to buy something
• B) early-bird specials at a restaurant offering lower-priced meals before 6 pm
• C) the retailer charging less if a price-sensitive customer comes in
• D) automobile and antiques dealers haggling with customers
• E) None of these are examples of second-degree price discrimination

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Definitions:

Modified Leaf

A leaf that has altered its shape, structure, or function from the typical form to serve specific roles, such as protection, reproduction, or storage.

Bud Scales

Protective structures that cover the developing bud of a plant, helping to shield it from environmental damage and desiccation.

Guttation

The exudation of small droplets of water from the pores of plants, typically occurring at the leaf margins or tips.

Modified Leaf

A leaf of a plant that has altered form or function from the standard flat, photosynthetic structure, often serving roles in reproduction, protection, or storage.