Economics

One method of price discrimination for firms is the use of coupons and rebates. Firms are basically allowing consumers to self-identify their respective price elasticities of demand for a product. Describe the last time you used a coupon or a rebate, and another time where you knew a coupon might be available and yet chose to not bother with it. Make sure to explain how the opportunity cost of your time and effort played a part in the choice you made.

Do you think price discrimination through coupons is fair? Should there be laws against this behavior? Why or why not?

Writing assignments are to be completed in APA format, double spaced, and 1-2 pages in length 550 words and when citing your sources and listing your References. 

In your response, be certain to answer all questions clearly and concisely.