If a Monopoly Charges Higher Prices to Consumers Who Buy

question 107

Multiple Choice

If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities,then

• A) consumers who buy larger quantities have a higher price elasticity of demand.
• B) consumers who buy larger quantities have a lower price elasticity of demand.
• C) consumers who buy smaller quantities have a lower price elasticity of demand.
• D) Both A and C.

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