A firm carries out price discrimination when it charges

a. a lower price to consumers whose demand is more elastic.

b. the same price to all of their consumers.

c. a higher price when their marginal cost is lower.

d. a higher price to consumers whose demand is more elastic.

Question

Business

Selena Knox

31 December, 05:06

A firm carries out price discrimination when it charges

a. a lower price to consumers whose demand is more elastic.

b. the same price to all of their consumers.

c. a higher price when their marginal cost is lower.

d. a higher price to consumers whose demand is more elastic.

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Answers (1)

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Ella · Answer 1

A firm carries out price discrimination when it charges a lower price to consumers whose demand is more elastic. Price elasticity measures the relationship change between the quantity demanded or purchase of a product when the price changes. Price discrimination is when a company changes the priced based on the person making the purchase of the product.

A firm carries out price discrimination when it chargesa. a lower price to consumers whose demand is more elastic.b. the same price to all of their consumers.c. a higher price when their marginal cost is lower.d. a higher price to consumers whose demand is more elastic.

A firm carries out price discrimination when it charges

a. a lower price to consumers whose demand is more elastic.

b. the same price to all of their consumers.

c. a higher price when their marginal cost is lower.

d. a higher price to consumers whose demand is more elastic.