Evaluate 
where 
.
Definitions:
Inelastic Demand
A market situation where the demand for a product does not significantly change in response to price changes.
Elastic Demand
A situation in the market where the desire for a product or service sharply varies with the adjustments in its cost.
Price Discrimination
The practice of charging different people or groups of people different prices that are not cost justified.
Perfect Price Discrimination
A pricing strategy where a seller charges the maximum possible price to each customer based on their willingness to pay, capturing all consumer surplus as profit.
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