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A year ago
If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities, then
A) consumers who buy larger quantities have a higher price elasticity of demand.
B) consumers who buy larger quantities have a lower price elasticity of demand.
C) consumers who buy smaller quantities have a lower price elasticity of demand.
D) Both A and C.
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Microeconomics
Edition: 6th
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