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luda_lava [24]
3 years ago
11

When firms price-discriminate, people with ________ price elasticity of demand will pay ________ prices relative to those purcha

sing the same product who have a ________ price elasticity of demand?
Business
1 answer:
kaheart [24]3 years ago
5 0
When a firm uses price descrimination, people with an inelastic demand curve will pay higher prices for the item relative to those purchasing the product and have an elastic demand curve
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Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
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The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

  • Let the number of bananas be B.

<u>Given the following data:</u>

  • A dozen oranges = $3. 50
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<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

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2 years ago
The McColls have made an offer on a new home. The home is new construction and scheduled to be completed by the end of the year.
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8. Allen took out a three-year, 8%, $100,000 loan on March 31, 2021. Interest is due upon maturity of the loan. How much interes
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