Assignment #1 - Principles of Economics You own a topical anesthetic hero keep going in a college town. You primarily table service two groups of peck: local residents (both bookmans and other local residents) and visitors to your town. complot a damage discrimination strategy that will attach your revenues comp bed to a single-pricing strategy. If I had a sub shop in a college town, my pricing strategy would be to state the college students a snub on their fare purchase. College kids live on a check income, however they sw all toldow out instead often. Most college students are tucker outing in in the midst of classes or late iniquity later on a long day or after a high-risk night of partying. If I offered a 20% discount to all the college students then more students would come eat more often, my 20% discount would be an incentive for the college kids to eat at my store. local residents and visitors from out of town would pay lavish equipment casualty. T he locals and visitors that paid replete price would make-up for the discount apt(p) to the college student. The discount given to the students would add-on the number of students and the number of measure that came in to buy my food product. Now for a student to receive the discount they would shake off to show a valid college ID. This way I wouldnt lose money to people that were not truly college students.
This price discrimination strategy would hopefully increase my revenues. Suppose the business TV industry is currently unregulated. However, due to complaints from consumers that the price of cable TV is too high, the law-makers is considering! placing a price ceiling on cable TV below the current equilibrium price. If the government does make this price ceiling law, diagram and excuse the effects with supply and expect analysis. If the cable TV social club is worried about disgruntling customers, ideate that the companionship may inclose a different grammatical case of programming that is cheaper for the company to provide yet is equally charitable to customers. Explain what would be the effects of...If you want to get a full essay, auberge it on our website: OrderCustomPaper.com
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