Multiple Choice
College students and faculty members have a more elastic demand than the general public for Apple's iMac desktop computers.From this we can conclude that
A) Apple will charge college students and faculty members higher prices than it charges the general public.
B) Apple will charge college students and faculty members lower prices than it charges the general public.
C) the general public will earn arbitrage profits by buying iMac desktop computers from Apple and reselling them to college students and faculty members.
D) Apple will earn economic profits from the computers it sells to the general public but will break even on the computers it sells to college students and faculty members.
Correct Answer:
Verified
Correct Answer:
Verified
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