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QUESTION 2 Anne runs her own community theatre. She offers seniors discounted tickets. However, she does not offer this discount on opening week of each

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QUESTION 2 Anne runs her own community theatre. She offers seniors discounted tickets. However, she does not offer this discount on opening week of each show. This is a result of the number of tickets demanded being greater than what she can supply while also having to employ additional staff to service the extra patrons. Which of the following statements are true: [) Anne is third degree price discriminating by offering seniors a discount. [ Anne is using peak load pricing by offering seniors a discount. () Anne is third degree price discriminating by not offering discount tickets to opening week shows. [J) Anne is using peak load pricing by not offering discounts on tickets to opening week shows. QUESTION 1 Steve is planning to buy his first car at Strathpine's Buy and Sell Automobile Shop. When Steve was looking around, he saw a second-hand convertible which he knew would suit his style. The true selling price for the said car was $30,000 but because Steve was wearing the latest smartwatch and a limited-edition sneaker, the car salesman told Steve that the car was worth $50,000 instead, which was Steve's reservation price for the car. 1. The car salesman was using first degree price discrimination against Steve. 2. The car salesman was using third degree price discrimination against Steve 3. The car salesman extracted the full consumer surplus of Steve. Which of the above statements are true? O Only 1is true. Only 2 is true. O Only 3is true. O Both 1 and 3 are true. (O Both 2 and 3 are true

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