Plato Playhouse, a theatre company in the university town of Wegg, caters to two groups of customers:
students and the non-student population.
Figure 15-16 shows the demand curves for the two groups of customers.
-Refer to Figure 15-16. Suppose Plato Playhouse price discriminates. What is the quantity sold to each group of customers and what is the total quantity sold?
A) quantity sold to students = Qb; quantity sold to non-students = Qb; total sales = Qa
B) quantity sold to students = Qc; quantity sold to non-students = Qb; total sales = Qb + Qc
C) quantity sold to students = Qc; quantity sold to non-students = Qe; total sales = Qe + Qc
D) quantity sold to students = Qc; quantity sold to non-students = Qd; total sales = Qd + Qc
Correct Answer:
Verified
