A price-discriminating monopolist will tend to charge a higher price to senior citizens if it believes that senior citizens:
A) have a more elastic demand than other customers.
B) have a more inelastic demand than other customers.
C) have a higher marginal propensity to consume than others.
D) have a higher purchasing power than other consumers.
E) have the same willingness to pay as the other customers of the product.
Correct Answer:
Verified
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