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2 weeks ago
College students and faculty members have a more elastic demand than the general public for Apple's MacBook Pro laptop computers. From this we can conclude that

• Apple will charge college students and faculty members higher prices than it charges the general public.

• Apple will charge college students and faculty members lower prices than it charges the general public.

• the general public will earn arbitrage profits by buying MacBook Pro Laptop computers from Apple and reselling them to college students and faculty members.

• 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.
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Microeconomics
Edition: 7th
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wrote...
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2 weeks ago
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Apple will charge college students and faculty members lower prices than it charges the general public.
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