Exhibit 9.14 -Refer to Exhibit 9.14,which Shows a Price-Discriminating Monopolist Who Divides

Multiple Choice

Exhibit 9.14

-Refer to Exhibit 9.14,which shows a price-discriminating monopolist who divides its customers into two segments based on price elasticity of demand.At any given price,where is elasticity higher?

A) Panel A
B) Panel B
C) both Panel A and Panel B
D) neither Panel A nor Panel B
E) Monopolists are not concerned with elasticity.