Multiple Choice
Suppose the elasticity of demand for tickets to see a play in the Toronto Theatre District shows is 2.0 for men and 0.3 for women.To use price discrimination to increase profits,the producers should charge lower prices to _____ because their demand is more _____.
A) men;elastic than that of women
B) men;inelastic than that of women
C) women;elastic than that of men
D) women;inelastic than that of men
Correct Answer:
Verified
Correct Answer:
Verified
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