An example of a policy that combats discrimination is:     Equal employment opportunity legislation       Affirmative action legislation     Equal pay legislation     Pay equity or equal value legislation     All of the above

Q: If national income Y = 10,500, disposable income Yd = 8,500 , consumption is C = 8,000, transfer…

A: The information given to us is as :-   National income Y = 10,500   Disposable income is Yd = 8,500…

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A:

Q: Diagrammatically explain the statement 'Restricted trade is superior to no trade'.

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A: Utility Function: U(O, L) = O +2L Price of orange= 2 Price of lemons= 1 Income = 30

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Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.