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
Correct Answer:
Verified
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Figure: A
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