Which of the Following Is an Example of Price Discrimination

question 169

Multiple Choice

Which of the following is an example of price discrimination?

• A)UPS charges more if a package is sent from New York to Hawaii and less if it is sent from New York to New Jersey.
• B)Frank's Furniture shop charges no delivery fee for furniture delivered within Dutchess County but charges $40 delivery fee outside of the county.
• C)Albert pays 25 percent less on prescription drugs because he is a senior citizen.
• D)Only answers A and B are correct.
• E)Answer A, answer B, and answer C are all correct.

Comprehend the significance of "float" periods in credit transactions.

Evaluate the implications of skipping payments and the costs involved in filing for bankruptcy.

Analyze the effectiveness of federal laws in protecting consumer rights in credit and lending.

Understand the types and purposes of different credit insurance policies.

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Definitions:

United States Congress

The national federal legislative body of the United States consisting of two chambers: the Senate and the House of Representatives.

Federal Agency

A government body established by Congress to implement and administer particular federal laws and programs.

Power

The ability or capacity to do something or act in a specific way, often referring to the capability to influence or direct behaviors of individuals or groups.

Hybrid Agencies

Organizations that operate across both public and private sectors, or that combine elements of governmental and non-governmental organizations.