Discussion
A telescopic tariff is a block tariff in which the rate
Answer: D
Correct answer: falls as consumption rises
A telescopic tariff is a declining block tariff: successive blocks are charged at lower rates, so the average price falls as consumption grows. The justification was that fixed costs are spread over more units, and it suits industrial supply. For domestic consumers the incentive runs the wrong way, which is why inclining blocks are used there instead.
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