If a Price-Discriminating Monopolist Sells the Same Product in Two

question 133

Multiple Choice

If a price-discriminating monopolist sells the same product in two markets but charges a lower price in market X and a higher price in market Y,the pricing difference indicates that demand is:

• A) more elastic in market X than market Y.
• B) less elastic in market X than market Y.
• C) more elastic in market Y than market X.
• D) the same in both markets X and Y.

---

Definitions:

Automotive Sales

The process of selling vehicles, including cars, trucks, and motorcycles, to consumers or businesses.

Research Objective

A specific, concise, achievable goal that guides the research process, determining what the study aims to understand or achieve.

Marketing Research Process

A systematic methodology involving the identification, collection, analysis, and dissemination of information to improve decision making related to marketing.

Data Collection

The systematic gathering of information from various sources for analysis, research, or decision-making purposes.