Why Is Price Discrimination More Common in Personal Services Such

question 1

Multiple Choice

Why is price discrimination more common in personal services such as career counselling and financial advice than other types of services?

• A) Demand for personal services is less price elastic.
• B) It is more difficult to resell personal services.
• C) a and b.
• D) None of the above.

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Definitions:

Gifted Children

Children who exhibit significantly higher than average levels of intellect or creativity, often requiring specialized educational programs to meet their unique learning needs.

Constitutional Law

A body of law which defines the role, powers, and structure of different entities within a state, namely, the executive, the parliament or legislature, and the judiciary; as well as the basic rights of citizens.

Profoundly Gifted

An individual with an exceptionally high intellectual ability far beyond the average.

Moderately Gifted

Describes individuals with above-average intelligence or abilities, usually characterized by IQ scores between 115 and 129.