The Local Zoo Has a Pricing Policy in Which Senior

question 2

Multiple Choice

The local zoo has a pricing policy in which senior citizens pay a lower price than younger adults.This policy is:

• A)a form of perfect price discrimination.
• B)a form of third-degree price discrimination.
• C)certain to reduce total revenues for the zoo.
• D)certain to reduce the number of visitors to the zoo.

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Definitions:

Social Phobia

A chronic mental health condition in which social interactions cause irrational anxiety.

Incapacitating

Rendering someone or something unable to function in a normal capacity.

Distressing

causing extreme anxiety, sorrow, or pain; emotionally unpleasant.

Generalized Anxiety Disorder

A chronic disorder marked by excessive, ongoing anxiety and worry that are difficult to control and interfere with daily activities.