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Author Question: In a product line extension A) a constant price elasticity of demand is assumed. B) a firm ... (Read 78 times)

FButt

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on: Jun 30, 2018
In a product line extension
 A) a constant price elasticity of demand is assumed.
  B) a firm introduces different products and lets buyers self-select themselves into different groups.
  C) is able to identify different markets at very low costs.
  D) demand is assumed to be elastic

Question 2

To practice second-degree price discrimination
 A) different markets must be able to communicate with each other.
  B) different markets must have the same number of customers.
  C) similar markets must have similar elasticities.
  D) different markets must have different elasticities.


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alexanderhamilton

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


FButt

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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