Answer:
A novel printed in paperback that sells for more than the same book in an electronic format
The example contains two different products, one is novel in paper form, and other in electronic form of the novel. Price discrimination occurs when we charge different prices for the same product from different customers. They are completely two different forms of the product which means the product is not identical in term of its form.
Explanation:
Above mentioned example is definitely does not fall under price discrimination.
<em>Price Discrimination</em>: is offering different prices to different customers for the same good. All of the other examples may falls under price discrimination because they contain same product but for different customers namely, discount at movie theater, soup companies sending coupons, and for the same drug they are charging different prices accordingly.
Answer:
Rooms will be hard or impossible to find.
Explanation:
Price controls are implemented by government to reduce adverse price increase on the consumer. Suppliers can use situations such as disaster to raise prices and make more profit.
Price gouging occurs when the price of a good is increased as a result of shortage.
If the government implements price controls, suppliers will be unwilling to give out rooms at lower prices. This results in scarcity of rooms.
Eventually because of high demand, some consumers will pay more for rooms using black market channels.
When considering the contingency model of leadership, Basheera exhibits high situational control.
<h3>Who is a leader?</h3>
It should be noted that a leader simply means an individual who guides other people in order to achieve a common goal.
In this case, when considering the contingency model of leadership, Basheera exhibits high situational control.
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There is 1000 tickets and you have one so you have 1 in a 1000 chance
What can we say about the long run equilibrium is: Fewer grapefruit will be produced.
<h3>
What is perfectly competitive market?</h3>
Perfectly competitive market can be defined as the market in which producer or manufacturer product similar or identical product.
Suppose the price of grape fruit is lesser compare to the average cost of production it , this tend to mean that in the long run only fewer or little amount of grapefruit will be produced.
Therefore fewer grapefruit will be produced.
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