Asked by
Verified
A firm that can price-discriminate should adjust prices so that customers with _____ demand pay _____ prices than/as do those with _____ demand.
A) price-inelastic;lower;elastic
B) price-inelastic;the same;elastic
C) price-elastic;lower;inelastic
D) price-elastic;higher;inelastic
Price-Inelastic
Describes a situation where the demand for a product does not significantly change with a change in its price.
Price-Elastic
A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.
Demand Pay
Compensation determined by the desirability or demand for specific job skills in the labor market.
- Grasp how elasticity of demand influences price discrimination strategies and outcomes.
Verified Answer
Learning Objectives
- Grasp how elasticity of demand influences price discrimination strategies and outcomes.
Related questions
Price Discrimination Leads to a _____ Price for Consumers with ...
To Maximize Profits,an Airline Will Offer _____ Prices to Customers ...
A Price-Discriminating Firm Will Adjust Prices So That Customers with ...
Because Business Travelers' Demand for Airline Flights Is Relatively _____,Large ...
Price-Discriminating Firms Will Impose a Price Structure That Offers Customers ...