Price discrimination leads-price for consumers

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Reference no: EM131101462

1. Price discrimination leads to a ________ price for consumers with a ________ demand

a) lower; more elastic

b) lower; less elastic

c) higher; perfectly elastic

d) higher; more elastic

2. A price-discriminating firm will adjust prices so that customers with more ________ demand pay ________ prices than

(as) those customers with ________ elastic demand.

a) elastic; the same; more

b) inelastic; lower; less

c) elastic; higher; less

d) elastic; lower; less

3. In order to maximize profits, an airline will offer ________ prices to customers with ________ demand.

a) higher; inelastic

b) the lowest; the least

c) higher; elastic

d) lower; inelastic

Reference no: EM131101462

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