The Principle of ________ Says That If We Are in a Position

question 14

Multiple Choice

The principle of ________ says that if we are in a position to ease the agony of another and we can do so without excessive cost to ourselves,we should try to render aid.

• A)autonomy
• B)beneficence
• C)utility
• D)justice

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on their willingness to pay.

Demand

The willingness and ability of consumers to purchase goods or services at different prices.

Price

The expected fiscal outlay, necessitated, or expended in compensation for an item.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period of time.