Many bars close to campuses have started offering cheaper beer to consumers with a student IDs. These bars are using a. Direct price discrimination b. Indirect price discrimination c. Decreasing returns to scale d. None of the above

The correct answer is letter "A": Direct price discrimination .

Explanation:

Price discrimination refers to setting the same product or service at different prices because of a special feature of customers such as age, gender, income, location, just to mention a few. Price discrimination always carries an excuse so the offering of products at prices can be considered legal.

Direct price discrimination is provided when a different price is provided to a specific group benefiting individuals who may need the reduction of price the most. Direct price discrimination is given according to the identity of the consumer.  

Therefore, if a bar offers discounts to college students showing their IDs, they will be implementing direct price discrimination.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.