{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T07:05:33-04:00", "answer_date": "2024-06-21 07:05:33", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3411965", "url": "\/study-help\/questions\/5-a-firm-that-practices-price-discrimination-based-on-the-3411965", "question_creation_date_js": "2024-06-21T07:05:33-04:00", "question_creation_date": "Jun 21, 2024 07:05 AM", "meta_title": "[Solved] 5. A firm that practices price discrimina | SolutionInn", "meta_description": "Answer of - 5. A firm that practices price discrimination based on the price elasticity of demand will charge: a. a higher price t | SolutionInn", "meta_keywords": "5,firm,practices,price,discrimination,based,elasticity,demand,will,charge,higher,buyers", "question_title_h1": "5. A firm that practices price discrimination based on the price elasticity of demand will charge: a. a higher price to buyers whose demand is", "question_title": "5. A firm that practices price discrimination based on the price elasticity", "question_title_for_js_snippet": "5 A firm that practices price discrimination based on the price elasticity of demand will charge a a higher price to buyers whose demand is relatively ( circle one ) elastic or inelastic b a lower price to buyers whose demand is relatively ( circle one ) elastic or inelastic and 6 a T F In general profit maximizing firms price discriminate or give discounts to senior citizens out of concern for the economic hardship they may face b T F An insurance company offering discounts to safe drivers is an example of price discrimination ", "question_description": "

5. A firm that practices price discrimination based on the price elasticity of demand<\/strong> will charge:<\/p>

<\/p>

a. a higher price<\/u> to buyers whose demand is relatively[ (circle one<\/u>) elastic<\/em> or inelastic<\/em>] <\/p>

<\/p>

b. a lower price<\/u> to buyers whose demand is relatively [ (circle one<\/u>) elastic<\/em> or inelastic<\/em> ] and<\/p>

<\/p>

<\/p>

<\/p>

6. a. T F In general profit-maximizing firms price discriminate or give discounts to senior citizens out of concern for the economic hardship they may face.<\/p>

<\/p>

b. T F An insurance company offering discounts to safe drivers is an example of price<\/p>

discrimination.<\/p>", "transcribed_text": "", "related_book": { "title": "Cost Accounting Foundations and Evolutions", "isbn": "9781285401072, 1111971722, 1285401077, 978-1111971724", "edition": "9th edition", "authors": "Michael R. Kinney, Cecily A. Raiborn", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/307.jpg", "uri": "\/textbooks\/cost-accounting-foundations-and-evolutions-9th-edition-307", "see_more_uri": "" }, "free_related_book": { "isbn": "1555581706", "uri": "\/textbooks\/windows-nt-infrastructure-design-1st-edition-978-1555581701-217826", "name": "Windows Nt Infrastructure Design", "edition": "1st Edition" }, "question_posted": "2024-06-21 07:05:33", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/water-enters-a-pump-at-100-kpa-with-a-mass", "description": "Water enters a pump at 100 kPa with a mass flow rate of 20 kg\/s and exits at 500 kPa with the same mass flow rate. 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