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Business, 29.10.2019 23:31 tony001

Ricky and anita are 10 year-olds who have a lemonade stand on a busy beach and would like to practice price discrimination. they know that they are the only sellers of lemonade on the beach and that adults have a less elastic demand for lemonade than kids so they decide to sell their lemonade for $0.25 to kids and $0.50 to adults. will their price discrimination be successful? why or why not?

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