Customers whose demand has a higher degree of price elasticity will pay less.
<h3>How Does Price Discrimination Occur and types of Price Discrimination?</h3>
Price discrimination is a marketing tactic where sellers charge clients various prices for the same good or service depending on what they believe will win the customer over. A merchant that practices pure price discrimination will impose the highest price possible on each customer. The more typical types of price discrimination involve the vendor classifying clients into groups according to particular characteristics and charging each group a different price.
There are three types of price discrimination:
First-Degree Price Discrimination: when a company charges the highest price per unit of consumption.
Second-Degree Price Discrimination: when a business offers discounts for large orders or imposes various prices on customers depending on how much they eat.
Third-Degree Price Discrimination: when a business charges varied prices to various customer segments.
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Answer:
None of the above
Explanation:
A sensitivity analysis measures how under a certain set of assumptions, different values of an independent variable influence the dependent variable. It is also known as what if analysis and it is based on various assumptions. Options given in the question like changes in depreciation tax shield over a project's life, changes in production levels with the changes in revenue etc. are absolutely certain to an extent, or in other words, bound to happen.
Answer:
b.significance testing is answer.
Explanation:
I hope it's helpful!
<span>The rent, cable bill, and auto loan are fixed expenses that add up to $1500. $1500 divided by the $4600 total that she has is .326 so Margie spends about 33% of her budget on these fixed expenses. That is about one third of her total budget going to fixed expenses.</span>
Answer:
The correct answer would be option D, Consumers.
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.
Explanation:
In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.
For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.
So in this way, customers determine the prices of the products.
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