Which of the following is an example of second-degree price discrimination? Group of answer choices a theatre that offers lower prices for seniors an airline company that offers an economy class ticket at a lower price than a business class ticket an electricity company that offers lower prices for new customers a gym that charges everybody the same membership and per visit fees none of the other answers

Which of the following is an example of second-degree price discrimination? Group of answer choices a theatre that offers lower prices for seniors an airline company that offers an economy class ticket at a lower price than a business class ticket an electricity company that offers lower prices for new customers a gym that charges everybody the same membership and per visit fees none of the other answers

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 13SQP

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Suppose Erin, the owner-manager of a local hotel projects the following demand for her rooms: a. Calculate the price elasticity of demand between 90 and 110. b. Is the price elasticity of demand between 90 and 110 elastic, unit elastic, or inelastic? c. Will Erins total revenue rise if she increases the price from 90 to 110? d. Calculate the price elasticity of demand between 110 and 130. e. Is the price elasticity of demand between 110 and 130 elastic, unit elastic, or inelastic? f. Will Erins total revenue rise if she increases the price from 110 to 130?
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