Examlex
Suppose the average price of gas in 2012 was $0.95 per litre and $0.97 in 2013.The inflation rate was 3 percent in 2013.What was the 2013 price of gas in 2012 dollars?
Incentives
Rewards or motivations offered to encourage specific behaviors or actions by individuals or organizations.
Price Discrimination
The strategy of selling the same product at different prices to different groups of consumers, based on willingness to pay.
Discount Retailers
Stores that offer products at lower prices by accepting lower margins in return for a high sales volume.
Arbitrage
The practice of taking advantage of price differences between markets to make a profit.
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