Answer:
YES
Explanation:
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
Airlines charging different prices based on seating arrangement is an example of first degree price discrimination. the airlines aim to eliminate consumer surplus by charging each consumer at their willingness to pay.
Instead of focusing on how much they dread doing homework, students should try to change their perception and realize that what they are learning is a foundation for the rest of their lives. Correct answer: D
Changing their perception means changing their attitude towards learning. Recognizing that learning is very important and will open them new doors will help students.
Answer:
inelastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Demand is inelastic because the change in total revenue is less than the change in price.
elasticity of demand = 5/10 = 0.5
Elasticity of demand is less than 1
If they may miss their iteration commitment and there are no possible things to do in order to meet with the deadline, James should post pone and move the iteration commitment into a different date in order to meet with the iteration commitment even if it is delayed.