Which of the Following Is True

question 111

Multiple Choice

Which of the following is true?

• A) A price-discriminating seller will charge consumers with an elastic demand a lower price than consumers with an inelastic demand.
• B) A firm must face a horizontal demand curve for its product in order to engage in effective price discrimination in a market.
• C) Price discrimination always harms consumers and helps sellers in the short run but in the long run, consumers benefit at the expense of sellers.
• D) A seller must have a monopoly in order to gain from price discrimination.

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Definitions:

Depression

An emotional health issue defined by a continuous downhearted mood or an absence of pleasure in tasks, significantly affecting daily operations.

Beck

Refers to Aaron T. Beck, a psychiatrist known for his research in psychotherapy, cognitive therapy, and cognitive behavioral therapy.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses and anxiety through gradual exposure to the feared object or situation.

Anxiety-Provoking Situations

Circumstances or events that induce a state of anxiety or stress, often used in psychological studies to understand coping mechanisms.