If a Firm Is Practicing Third- Degree Price Discrimination and Is

question 95

Multiple Choice

If a firm is practicing third- degree price discrimination and is charging a price of $8 per unit to consumers in Group A and a price of $10 to consumers in Group B, which of the following is true?

• A)Group A consumers are less responsive to price changes than Group B consumers.
• B)Group B consumers have a greater price elasticity than Group A consumers.
• C)Group A consumers have a lower price elasticity than Group B consumers.
• D)Group A consumers have a greater price elasticity than Group B consumers.

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Definitions:

Mosaicism

A condition in which cells within the same person have a different genetic makeup, caused by mutations occurring after fertilization.

Translocation

In genetics, the process or result of a chromosome segment moving to a different position within the same or another chromosome.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, originating before the age of 18.

Mild Intellectual Disability

A level of intellectual disability (IQ between 50 and 70) at which people can benefit from education and can support themselves as adults.