If the price of business broadband is greater than that of residential broadband, all else equal,
A) business has greater price elasticity than residential.
B) residential has greater price elasticity than business.
C) both have positive income elasticity.
D) generally speaking, broadband is equally priced.
Question 2
Which of the following is an example for group price discrimination?
A) a BMW selling for more than a VW
B) local residents receiving a discount at the local golf course
C) the fact that a razor is cheap and blades are expensive
D) a hotel charging more for a room if the customers bring pets