Illustrate your answer with a diagram of the appropriate degree of price discrimination.Why do some customers still pay the non-discounted official prices, instead of buying a Groupon deal?
Unit 1: Demand & Supply Unit task: In January 2019, some tabloid newspapers reported disapprovingly on the recent rise in train fares, arguing that “the ticket prices were increased despite overcrowding getting worse last year”. 1. Evaluate this statement (in particular, the use of the word “despite”) from an economic standpoint, using your knowledge of […]