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Reese Witherspoon Plans to Visit Her Hometown of New Orleans

Question 10

Multiple Choice

Reese Witherspoon plans to visit her hometown of New Orleans, Louisiana. When her assistant checked the hotel reservation website, there were four published rates available, which are summarized in the accompanying table. Use this table to answer the next two questions.  Best-available rate $289 Best-available rate $230 AARP member rate $260 Military/goverment rate $135\begin{array} { l } \text { Best-available rate }&\$289 \\ \text { Best-available rate }&\$230 \\ \text { AARP member rate }&\$260 \\\text { Military/goverment rate }&\$135 \\\end{array}

-The hotel attempts to distinguish between groups of buyers to:


A) attract buyers who wish to practice conspicuous consumption.
B) assign prices based on the differing price elasticities of demand.
C) control the rising costs of hotel ownership.
D) appear to offer choice to the consumer.
E) deter last-minute reservations.

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