46) Which of the following isnotan example of price discrimination?
Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking47) Erin and Deidre, two residents in Ithaca, New York, are planning a trip to Boston. Erin, the salesmanager for a large retailer, has to attend a business meeting. Deidre, a college student onvacation, is planning a leisurely trip to visit friends and relatives. Whose demand curve for airtravel is likely to be more elastic?
Diff: 2Page Ref: 526/526Topic: Yield ManagementLearning Outcome: Micro 6: Explain the fundamentals of the elasticity of supply and demand and theapplications of bothAACSB: Reflective Thinking