Answered
If sellers could price-discriminate and charge two different prices to two different groups of buyers in order to increase revenues, then the sellers would charge
A) a higher price to the buyers whose demand is elastic.
B) a higher price to the buyers whose demand is inelastic.
C) a higher price to the buyers whose demand is unit-elastic.
D) the same price, actually, because price-discrimination will result in lower revenues.
On May 15, 2024