Statement I

question 125

Multiple Choice

Statement I.Price discrimination is basically a mechanism for rationing scarce goods and services.
Statement II.The price discriminator must be able to prevent buyers from reselling the product (i.e. ,stop those who would buy at a low price from selling to those who would otherwise buy at a higher price) .

• 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:

Natufians

A prehistoric people who lived in the Levant, around 12,000 to 9,500 BC, known for the early adoption of sedentary lifestyles and agriculture.

Domestication

The process of adapting animals and plants through selective breeding for use by humans, often to fulfill specific roles or to produce specific products.

Sickle

A hand-held agricultural tool with a curved blade for harvesting or cutting crops.

Plant Domestication

The process by which wild plants have been evolved into crop plants through selective breeding, often leading to plants with traits beneficial to humans.