The First Africans to Arrive in Virginia in 1619 Were

question 15

True/False

The first Africans to arrive in Virginia in 1619 were likely thought of as indentured servants by the colonists,rather than as slaves.

Understand the concept of price discrimination and its impact on profits.

Grasp the relationship between elasticity of demand and price discrimination.

Identify the conditions under which price discrimination increases producer surplus.

Differentiate between scenarios of legal and illegal price discrimination.