Which of the Following Statements Is True

question 284

Multiple Choice

Which of the following statements is true?

• A) The basis for both first-degree and third-degree price discrimination is differences in buyers' willingness to pay for a good.
• B) The basis for both first-degree and third-degree price discrimination is differences in sellers' willingness to accept payment for a good.
• C) The basis for first-degree price discrimination is differences in buyers' willingness to pay, whereas the basis for third-degree price discrimination is differences in sellers' willingness to accept payment for a good.
• D) The basis for first-degree price discrimination is differences in seller's willingness to accept payment for a good, whereas the basis for third-degree price discrimination is differences in buyers' willingness to pay for a good.

---

Definitions:

Alcohol

Alcohol typically refers to ethanol, a psychoactive substance found in drinks like beer, wine, and spirits, affecting the central nervous system with both stimulating and depressing effects.

Fetal Alcohol Spectrum Disorder

A range of effects that can occur in an individual whose mother drank alcohol during pregnancy, including physical, behavioral, and learning issues.

Trimester(s)

Periods of three months, especially used to divide the nine-month period of human pregnancy into three stages for medical and developmental monitoring.

Haloperidol

An antipsychotic medication used to treat psychiatric disorders such as schizophrenia.