A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza. Students must show their ID before they can get the discount. The marginal cost of this monopolist is $5 whether or not the customer is a student. The elasticity of demand for the students is _____.
A) -2.5
B) -2
C) -1.5
D) -1

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The Answer of A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza. Students must show their ID before they can get the discount. The marginal cost of this monopolist is $5 whether or not the customer is a student. The elasticity of demand for the students is _____.
A) -2.5
B) -2
C) -1.5
D) -1

A Pizza Monopolist Employing Third-Degree Price Discrimination Charges Students $10