A Major Fruit Juice Manufacturer Failed in Its Attempt to Engage

question 72

Multiple Choice

A major fruit juice manufacturer failed in its attempt to engage in price discrimination between students and all other consumers. What is the most likely explanation for this failure?

• A) There was nothing to prevent the students from reselling the fruit juice to other consumers.
• B) The two groups of consumers have different demand elasticities for fruit juice.
• C) The cost of producing the product is relatively high.
• D) Market demand for fruit juice is inelastic.

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Definitions:

-cian

A suffix indicating a person's profession or a specialized field of expertise.

Nasolabial

Relating to the nose and the upper lip, particularly the crease or fold running from the side of the nose to the corner of the mouth.

Labionasal

Pertaining to both the lips and the nose; often used in speech pathology.

-malacia

A suffix used in medical terminology to denote softening of the tissues, often used to describe pathological conditions.