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.

---

Definitions:

Standard Deviation

A measure in statistics that quantifies the amount of variation or dispersion of a set of values from the mean (average) of the set.

Battery Life

The duration a battery can continue to provide power to a device before it needs recharging or replacement.

Creative Approach

Utilizing imagination or unconventional thinking to solve problems or generate original ideas.

Likely Consequences

Probable outcomes or effects that may result from specific actions or decisions.