The result for the seller of being able to practice price discrimination will be
A)higher profits.
B)lower demand elasticity.
C)lower quantity sold.
D)cost minimization.

Question

Quizplus · Accepted Answer

Price discrimination allows the seller to charge different prices to different customers based on their willingness to pay. As a result, the seller can maximize their profits by charging higher prices to those with higher willingness to pay and lower prices to those with lower willingness to pay. This leads to higher profits overall for the seller.

The Result for the Seller of Being Able to Practice