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Business, 18.05.2021 18:30 nanakwameyeb

In order to price-discriminate, a firm must be able to separate its customers who have different elasticities of demand. A firm can earn more revenue by charging higher prices to consumers with relatively inelastic demand, and lower prices to consumers with relatively elastic demand. Consider the different customers listed below. Which ones have relatively inelastic demand, and which ones have relatively elastic demand? Items (4 items) (Drag and drop into the appropriate area below) Donald needs to travel for business. The Jones family travels for a vacation. Steve buys all his clothes at his favorite luxury department store. Robert goes to a matinee movie.

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