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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1534 |
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For Example, individuals flying on commercial airlines must present personal identification documents that match the name on their ticket. Thus, someone buying a ticket can not sell it to a third party for that third party’s use.
3. Different consumers have different demand elasticities; The seller must be able to separate buyers into distinct classes, each of which has a different willingness or ability to pay for a product...
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Different consumers have different demand elasticities; The seller must be able to separate buyers into distinct classes, each of which has a different willingness or ability to pay for a product. This separation of buyers usually based on different elasticities of demand. For example, since business people feel that they must travel, whereas leisure consumers feel that it is not necessary; those in business will tolerate a higher price...
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