A Firm Engages in Price Discrimination When It

question 2

Multiple Choice

A firm engages in price discrimination when it

• A) Charges different prices for different units of different goods
• B) Charges same prices for different units of the same good
• C) Charges a lower price for units for which the willingness to pay is high than for those units for which the willingness to pay is low
• D) Charges different prices for different units of the same good

Interpret graphical representations of market supply and demand shifts due to taxes and price controls.

Calculate the tax revenue generated from imposed taxes.

Assess the effects of tax imposition on market efficiency.

Comprehend the concept of tax incidence and how it varies across markets with different demand and supply elasticities.

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