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praveen brilliance
on Oct 27, 2024

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The municipal swimming pool charges lower entrance fees to local residents than to nonresidents.Assuming that this pricing strategy increases the profits of the pool,we can conclude that nonresidents must have a _____ demand for swimming at the pool than do residents.

A) greater
B) lower
C) more elastic
D) less elastic

More Elastic

Refers to a situation where the quantity demanded or supplied of a good or service is more sensitive to changes in price.

Municipal Swimming Pool

A public swimming facility maintained by a local government for the use of its residents.

Entrance Fees

Entrance fees are charges that individuals must pay to gain access to a facility, event, or organization.

  • Perceive how the elasticity attribute of demand molds price discrimination strategies and their effectiveness.
  • Contrast the characteristics of multiple price discrimination strategies and assess their effects on different demographics of consumers.
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Lucas HodsonOct 31, 2024
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