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Suppose the Elasticity of Demand for Tickets to Broadway Shows

Question 348

Multiple Choice

Suppose the elasticity of demand for tickets to Broadway shows is 2.0 for men and 0.3 for women. To use price discrimination to increase profits, the producers should charge higher prices to _____ because their demand is _____.


A) men; elastic
B) men; inelastic
C) women; elastic
D) women; inelastic

Correct Answer:

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