Identify the correct degree of price discrimination in each example       1. Wendy's charges senior citizens lower prices for its meals than it charges younger citizens.     2. Starbucks charges different prices per ounce of coffee for each of its different sizes of coffee cups.     3. Smaller boxes of cereal are more expensive per ounce of cereal than larger boxes of cereal     4. Comcast charges each consumer the highest price the consumer is willing to pay     5. Disney World charges children under 10 years old a lower ticket price than people over 10 years old     6. The price of 1 bottle of water is significantly higher than the per unit price of a 24 pack of bottled water

Suppose in Cape town there is only one producer of Wine knowns as Cape Town Wines. Cape Town Wines is well-trusted by the government since it had been producing wines for centuries that offer indigenous flavour. In 2022, the government decides to allow free international trade so that its citizens can now enjoy more varieties of wine. However, the government is worried about its action on Cape Town Wines. The figure below offers the market structure for wines in Cape Town Price Demand X Pworld MC Quantity Suppose Mary an economist suggests to the Minister of trade to implement a quota that will yield the same import level as provided for by a tariff. Using a diagram analyse the effects of the quota implementation. Clearly indicate the domestic production, imports, price level, consumer surplus, producer surplus and government revenue.

points on demand curve     price(per once)        Quantity demanded c                                           $0.40                        4 d                                          $0.35                         6 h                                          $0.15                         20 i                                           $0.10                          25   (a) compute the price elasticity between C to point D and point H to point I C to D= H to I= (b) compute the total revenue at point C,point D,point H, and point I Point C= Point D= Point H= Point I=

Hersheypark in Pennsylvania mentions the following offer on its Web page: “A military discount is available at Hersheypark during the regular summer operating schedule off of the Regular, Junior and Senior One Day admission. This discount is available to active duty military, reserves, retired military personnel, and members of the National Guard.” This is _____ price discrimination.

a)Mike owns the Suprise Chocolate store. He charges $4 per kg for his hand made chocolate. You, the economist, have calculated the elasticity of demand for chocolate in her town to be 0.6. If he wants to increase his total revenue, what advice will you give him and why? Be able to explain your answer. b) A firm increases its price from $8 to $10 and sees demand for the product fall by 25%. What would the price elasticity

Which of the following statements about price discrimination is FALSE? Question 17Answer a. Price discrimination is inconsistent with perfect competition b. 1st degree price discrimination always results in an efficient outcome c. None of the statements are false d. Price discrimination typically improves efficiency e. 3rd degree price discrimination always results in an efficient outcome

Suppose that Jawa Timur Park offers a discount on admission to residents of Batu. What kind of price discrimination is this? What does this imply about the elasticity of demand for Jawa Timur Park attractions by Batu?

A dog rescue operation finds when it sets its adoption fee at $140 in a month, 200 dogs are adopted, but when they drop the price to $60, 300 dogs are adopted.  What does that mean about the demand elasticity in their area?   Question 4 options:   The elasticity of demand is 0.5 and its relatively elastic   The elasticity of demand is 0.5 and its relatively inelastic   none of these answers are accurate   The elasticity of demand is 2 and its relatively inelastic   The elasticity of demand is 2 and its relatively elastic

A topic on optimal pricing, elasticity, stay-even analysis, or cost-based pricing.

Name three places you frequent that use price discrimination and explain the discrimination used.