Examlex
A teacher displays the results of a test on a notice board. As per the results, half the students scored more than 70 percent in the test, while the remaining scored less than 70 percent. Which measure of central tendency does this scenario represent?
Price Discrimination
Practice of charging different prices to different consumers for similar goods.
Electricity Sales
The volume of electrical energy sold, typically measured in kilowatt-hours (kWh), to end users or consumers.
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
Price Discrimination
The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.
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