Declining-Block Quantity Discrimination Makes Sense If

question 113

Multiple Choice

Declining-block quantity discrimination makes sense if

• A) buyers of smaller quantities are more price sensitive than buyers of larger quantities.
• B) buyers of smaller quantities are less price sensitive than buyers of larger quantities.
• C) demand for the good is perfectly elastic.
• D) the lower price for larger quantities encourages all consumers to purchase the larger quantity.

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Definitions:

Basic Motivation

The fundamental drives, desires, or needs that propel individuals to engage in certain behaviors or pursue particular goals.

Flexible

The quality of being able to adapt to different situations, change, or bend without breaking.

Willing to Make Mistakes

A characteristic of individuals who accept the possibility of errors as a part of the learning process and personal growth, recognizing that mistakes often lead to new insights and accomplishments.

Criticisms

The act of expressing disapproval and noting the faults or shortcomings of something or someone.