Answer:
The correct answer is option C.
Explanation:
Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.
Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.
Given:
Sales last month - 19,000
sales discounts - 3,000
sales returns - 1,750
Net Sales is computed by deducting Sales returns & Allowances and Sales discounts from Gross Sales.
Net Sales = 19,000 - 3,000 - 1,750 = 14,250
The net sales for last month was $14,250.00
The answer in the space provided is the progressive tax
system. The progressive tax system is the one responsible of having to provide
taxes for tax payers in each category in which is in consistent with the
sentence described above.
Answer:
is more profitable since a firm can charge the new segments higher prices without changing the product.
Explanation:
When a single price has multiple segments and when product, it is an example of price discrimination
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Price discrimination benefits firms because firms can earn more profit since they charge different prices for the same single product compared with multiple products
