Suppose You Go to a Retailer's Website and Print a Coupon

question 42

Multiple Choice

Suppose you go to a retailer's website and print a coupon that gives you a discount on your next purchase at their store.But your friend,who also plans to purchase there,can't be bothered.You are revealing to the store that

• A)you have a lower income than your friend.
• B)you understand price discrimination and your friend does not.
• C)you have a lower elasticity of demand than your friend.
• D)you have a higher elasticity of demand than your friend.
• E)elasticity of demand changes according to the size of the discount offered.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air.

Plasma

In vertebrates, the liquid portion of blood; contains nutrients, wastes, salts, and proteins.

Oxyhemoglobin

Compound formed when oxygen combines with hemoglobin.

Vocal Sounds

Sounds produced by creatures, particularly humans, using the vocal cords and/or other mechanisms in the throat, often used for communication.