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If a Price-Discriminating Monopolist Sells the Same Product in Two

Question 118

Multiple Choice

If a price-discriminating monopolist sells the same product in two markets but charges a lower price in market X and a higher price in market Y,the pricing difference indicates that demand is:


A) more elastic in market X than market Y.
B) less elastic in market X than market Y.
C) more elastic in market Y than market X.
D) the same in both markets X and Y.

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