For a firm that can effectively price discriminate, who will be charged a lower price?
A)customers who have an elastic demand for the product
B)customers who have an inelastic demand for the product
C)buyers that are members of the largest market segment
D)buyers that are members of the smallest market segment

Question

Quizplus · Accepted Answer

Customers with an elastic demand are more sensitive to price changes, so firms charge them lower prices to maximize sales and revenue.

For a Firm That Can Effectively Price Discriminate, Who Will