Solved: Why is important prices are flexible in economy, Microeconomics

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Why is important prices are flexible in economy

Assignment:

Part 1

Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?

Part 2

Movie theaters, airlines, and many other businesses like to charge customers different prices based on time of the day, age, and purchase dates. Why?

Provide an example of a price discrimination for a good or service that you thought it to unfair. Do you still believe that the discrimination is unjustifiable?

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Microeconomics: Why is important prices are flexible in economy

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