Which of the following statements is false? a perfectly price-discriminating monopolist does not lower price on all previous units in order to sell an additional unit of its product. second-degree price discrimination is when the seller charges a uniform price per unit for one specific quantity, a lower price of an additional quantity, and so on. charging senior citizens less for medicine is an act of third-degree price discrimination. charging women less for a car wash is an act of second-degree price discrimination. a price taker cannot practice price discrimination.

Charging women less for a car wash is an act of second-degree price discrimination

Explanation: Second-degree price discrimination occurs when a company charges a different price for different quantities of the same commodity consumed.

Third-degree price discrimination occurs when a company charges a different price to different consumer groups.

Seller shouldn't be a price taker in order for him/her to practice price discrimination.

Hence, Charging women less for a car wash is an act of third -degree price discrimination

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.