QUESTION 1: Identify the bone.

Are the following inequalities graphed correctly? y > x + 1 y > 2x – 1  

In order for firms to effectively engage in price discrimination they must be able to prevent arbitrage and it must be the case that they experience identical costs of production across markets. 

Consider a regional airline that sells tickets to two different groups: vacationers and business travelers. The demand curves for each group are given by:

Perfect price discrimination eliminates consumer surplus but is as efficient as a perfectly competitive firm. 

In which of the following examples is tying being used to potentially engage in price discrimination?

Which of the following is an example of group price discrimination?

Which of the following is an example of perfect price discrimination?

A respected informal leader is skeptical about a new initiative. The change initiator meets with them privately to explain the rationale and ask for their support. What is the leader doing?

According to NRF’s State of the Consumer 2025 report, how are U.S. consumers adapting their shopping behaviors in response to economic uncertainty? In your response, be sure to: Identify at least one major behavioral shift in consumer spending Describe how shopping channel preferences are evolving Explain what consumers are prioritizing (e.g., convenience) Discuss what these trends mean for retailers and how they may need to respond   (4–6 sentences recommended)