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snow_lady [41]
3 years ago
8

23. Airlines that engage in price discrimination charge higher prices to business travelers because their _____ is more _____ th

an that of other travelers. demand; elastic supply; inelastic supply; elastic demand; inelastic
Business
1 answer:
MrMuchimi3 years ago
5 0

Answer:

demand; inelastic

Explanation:

Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.

A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.

If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.

I hope my answer helps you

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A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could us
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For both 10,000 units and 20,000 units, the best alternative is Vendor B

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