Statement I: an Example of Price Discrimination Is Where New

question 59

Multiple Choice

Statement I: An example of price discrimination is where new customers get a better deal than old customers.
Statement II: Americans are provided with a greater amount of product differentiation than people in most other countries.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Esophagus

The muscular tube that moves food from the throat to the stomach.

Sphincter

A ring-like muscle that controls the passage of substances through an opening in the body, such as the anus or esophagus.

Peristalsis

The series of wave-like muscle contractions that moves food through the digestive tract.

Latissimus Dorsi

The large muscle of the back.