The Case on Textbook Publishers Shows That

question 100

Multiple Choice

The case on textbook publishers shows that

• A)if imports are allowed, price discrimination is difficult or impossible.
• B)if imports are allowed, price discrimination is possible.
• C)publishers have a difficult time identifying the groups involved.
• D)publishers should not migrate to electronic textbooks.

---

Definitions:

Own-price Elasticity

a measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Number of Substitutes

The quantity of alternative products or services that consumers can choose from in a market.

Absolute Value

A number’s distance from zero on the number line, without considering direction; always a positive value or zero.

Price Elasticity

A measure of how the quantity demanded of a good changes in response to a change in its price.