12th Grade Price Discrimination Quizzes, Questions & Answers

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National Economics And Financial Management Quiz

Get ready to challenge your understanding of markets, money, and management strategies with the National Economics And Financial Management Quiz. Designed for students, professionals, and enthusiasts alike, this quiz offers a...

Questions: 10 | Attempts: 168 | Last updated: May 7, 2025

Sample Question 1
Specialisation and trade will increase total output available. Therefore, it is best for a person to specialise in the production of the good in which he has ___________.

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Absolute advantage

Comparative advantage

Higher opportunity cost

Sample Question 2
In price discrimination, who should be charged the lowest price?

The poorest

The group with a positive price elastic demand

The group with a negative inelastic demand

The group with a perfectly elastic demand

Sample Question 3
The table below shows the changing Certificate of Entitlement (COE) premium for cars smaller than 1600cc in 2009. Month Price March $3864 June $11690 October $16231 December $17615 Which reason is false about the cause of the changing price pattern?

Fall in supply of COE

Fall in income of consumers

Rising cost of public transport

None of the above