Chapter 7 if over time consumers are encouraged to

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Chapter 7 . If, over time, consumers are encouraged to switch their consumption to off-peak periods, what will happen to peak and off-peak prices?
. To what extent is peak-load pricing in the interests of consumers?
Is total consumption likely to be higher or lower with a system of peak and off-peak prices as opposed to a uniform price at all times?
How would profit-maximising output and price be determined under third-degree price discrimination if there were three separate markets? Draw a diagram to illustrate your answer.
. Which type of price discrimination is the cinema pursuing: first, second or third degree? Would it be possible for the cinema to pursue either of the other two types?
Chapter 7
34

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