Multiple Choice
If a price-discriminating monopolist sells the same product in two markets but charges a higher price in market X and a lower price in market Y, the pricing difference indicates that demand is
A) more elastic in market X than in market Y.
B) less elastic in market X than in market Y.
C) less elastic in market Y than in market X.
D) the same in both markets X and Y.
Correct Answer:
Verified
Correct Answer:
Verified
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