The Internet Has Made It Possible to Compare Lots of Prices

question 75

Multiple Choice

the Internet has made it possible to compare lots of prices without incurring a lot of cost.If internet access is unequally distributed throughout the population one would expect

• A) consumers with internet access to pay a higher price.
• B) consumers without internet access to pay a lower price.
• C) price discrimination against consumers without internet access.
• D) firms to charge the same price to all consumers.

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Definitions:

Pope Paul VI

A former leader of the Catholic Church, known for his efforts in addressing societal changes and promoting peace.

Meatless Fridays

A practice primarily observed within some Christian denominations where adherents abstain from consuming meat on Fridays, particularly during Lent, as a form of penance or spiritual discipline.

Demand

The desire of buyers or consumers for a particular good or service, backed by the ability and willingness to pay for it.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.