Quiz_162 - 48 ,BART,.This _demandforsubway rides A lessincomeelastic B moreincomeelastic C morepriceelastic D lesspriceelastic 48 Ans

Quiz_162 - 48 ,BART,.This _demandforsubway rides A...

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48) The Bay Area subway system, BART, offers senior citizens discounted fares for BART rides. Thissuggests that BART authorities believe that senior citizens have a ________ demand for subwayrides.A) less income elasticB) more income elasticC) more price elasticD) less price elasticAnswer: C48)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking49) An article on how prices in South Bend, Indiana rise during Notre Dame home football gamesnoted:ʺFor the Sept. 16 game against the University of Michigan, the South Bend Marriott ischarging $649 a night for a double room. ......The Marriottʹs regular weekend price is $149 a night.ʺSource: Ilan Brat,ʺNotre Dame Football Introduces Its Fans To Inflationary Spiral, Wall Street Journal,September 7, 2006, p. A1.Which of the following statements is true?49)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking, Ethical Reasoning50) From an economic perspective, price discrimination is desirable because50)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking14
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