It is true because a country that imports a tariff on shoes buyers of shoes in that country don’t do well so the answer would be True
Answer:
(B) I and II
Explanation:
Price discrimination is when a producer charges different prices for his good or service.
Third degree price discrimination is when consumers are charged different prices for the same good due to certain factors. E.g. age, gender, location.
Second degree price discrimination is when consumers who buy in bulk are given discounts.
First price discrimination is when consumers are charged different prices according to their willingness to pay. Example of first price discrimination is initially charging high prices and then reducing the price over time to sell to the more price-sensitive consumers.
I hope my answer helps you.
A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.
Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
Answer:
Explanation:
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