Which of the Following Consumer Segments Are Benefited by Price

question 1

Multiple Choice

Which of the following consumer segments are benefited by price discrimination?

• A)Consumers with high income
• B)Consumers with perfectly inelastic demand
• C)Consumers with highly elastic demand
• D)Consumers with more than one source of income

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Definitions:

Buy-and-Sell Agreement

a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.

Organization Meeting

An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.

Corporate Powers

The legal rights and authorities that a corporation possesses, including entering contracts, owning property, and conducting business activities.