Figure 16-2 Plato Playhouse, a theatre company in the university town of Wegg, caters to two groups of customers: students and the non-student population. Figure 16-2 shows the demand curves for the two groups of customers. -Refer to Figure 16-2.What is the price charged in the two markets? A) price in the student market = price in the non-student market = P_a B) price in the student market = price in the non-student market = P_b C) price in the student market = P_d;price in the non-student market = P_e D) price in the student market = P_c;price in the non-student market = P_e

Question

Quizplus · Accepted Answer

The question implies different pricing strategies for different markets, and option D reflects this by showing different prices for the student and non-student markets.

Figure 16-2 Plato Playhouse, a Theatre Company in the University