During a hot summer weekend, the only supermarket near the beach decid

During a hot summer weekend, the only supermarket near the beach decides to charge consumers $6.50 for the first 12-pack of soda pop, $5.50 for the second and third 12-packs, and $5.25 for all subsequent purchases during the same shopping trip.

This would be considered A) an example of declining-block pricing.
B) not very smart since consumers will buy soda pop regardless of the price.
C) an example of monopoly pricing.
D) an example of an inelastic demand curve.

ANSWER

A