sablea
sablea sablea
  • 03-11-2017
  • Social Studies
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How does price discrimination and elasticity relate?

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Topmadworld
Topmadworld Topmadworld
  • 03-11-2017
Hello there,
Price discrimination implies charging different price levels to different groups of consumers for the same product. But, price elasticity expresses the willingness and ability to pay or responsiveness of quantity to changes in price level; such that as elasticity increases consumers are willing to pay less for more.

Hope this helps :))

~Top
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