Suppose the Price Elasticity of Demand for Coffee at the Coffee

question 27

Multiple Choice

Suppose the price elasticity of demand for coffee at the Coffee Barn equals 1.71 for women and 0.55 for men.A successful price discrimination strategy would lead to _____ prices for men and _____ prices for women _____.

• A)lower;lower;in any circumstances
• B)lower;higher;in any circumstances
• C)lower;higher;as long as men can't resell drinks to women
• D)higher;lower;as long as women can't resell drinks to men

---

Definitions:

Weathering

The process by which rocks and minerals break down into smaller pieces by physical, chemical, or biological means, leading to the formation of soil and sediments.

Bedrock

The solid rock underlying loose deposits such as soil or alluvium, often exposed at the Earth's surface or underlying the soil layer.

Sediment

Particles of organic or inorganic matter that accumulate in a loose, unconsolidated form, often deposited by water, wind, or ice.

Tectonic Forces

the forces generated by the movements of Earth's lithospheric plates, responsible for geological features and activities.