Which Statement Is True

question 28

Multiple Choice

Which statement is true?

• A)Price discrimination eliminates all consumer surplus.
• B)The main motivation for price discrimination is to decrease profits.
• C)Airlines successfully separate business travelers from leisure travelers by requiring customers who get lower rates to stay over on Saturday night.
• D)None of the choices are true.

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Definitions:

Learned Behaviour

Behaviors that individuals acquire through conditioning or observation, distinguishing from those that are genetically inherited.

Modelled

Represented or simulated in a physical or mathematical form to study specific behaviors or phenomena.

Generation Y

Also known as Millennials, this demographic cohort follows Generation X and is typically characterized by an increased use and familiarity with communications, media, and digital technologies.

Baby Boomers

A demographic group defined as those born post-World War II, from 1946 to 1964, known for being part of a significant increase in birth rates.