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corie corie
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6 years ago
Suppose a firm produces identical goods for two separate markets and practices third-degree price discrimination.  In the first market the firm charges $30 per unit, and it charges $22 per unit in the second market.  Which of the following represents the ratio of price elasticities of demand in the two markets?
A) E2 = (21/29)E1
B) E2 = (29/21)E1
C) E2 = E1
D) E2 = (22/30)E1
E) none of these
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
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6 years ago
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