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Assume that the buyers of good Z fall into two groups: buyers that have elastic demand and buyers ...

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Assume that the buyers of good Z fall into two groups: buyers that have elastic demand and buyers ...

Assume that the buyers of good Z fall into two groups: buyers that have elastic demand and buyers that have inelastic demand. If the firm selling good Z can charge different prices to different groups of people, the firm would prefer to ______________ the price charged to the elastic group and _______________ the price charged to the inelastic group.

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raise; lower

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lower; lower

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lower; raise

▸

raise; raise

Textbook

Economics

Edition: 12^th

Author: Arnold

Read 27 times

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