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Author Question: Related to the Economics in Practiceon page 280: The foreign visitors to the temples of Laos are ... (Read 120 times)

bucstennis@aim.com

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on: Apr 19, 2019

Related to the 
Economics in Practice on page 280: The foreign visitors to the temples of Laos are typically much richer than the local Laotians. Based on the difference in demand elasticity of foreign visitors and local visitors, the optimal strategy for the temples to maximize revenue is to


◦ charge a higher price to foreign visitors than to local residents.
◦ charge a lower price to foreign visitors than to local residents.
◦ charge the same price to foreign visitors and to local residents.
◦ not charge for admission and rely instead on donations from both local residents and foreign visitors.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bucstennis@aim.com on Apr 19, 2019

aloop

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Richard Pansire

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Reply #2 on: Apr 17, 2020
Thank You


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