Dabrochacho4325 Dabrochacho4325

20-11-2019
Business

contestada

Ricky and Anita are 10 year-olds who have a lemonade stand on a busy beach and would like to practice price discrimination. They know that they are the only sellers of lemonade on the beach and that adults have a less elastic demand for lemonade than kids so they decide to sell their lemonade for $0.25 to kids and $0.50 to adults. Will their price discrimination be successful? Why or why not?

Respuesta :

cancinodavidq cancinodavidq

20-11-2019

Answer:

Yes, the price discrimination will be successful.

Explanation:

According to the definition of elasticity of demand we can conclude that adults value more the consumption of lemonade, for that reason are willing to pay a higher price than kids, which has a larger portfolio of beverage to choose.

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

What effect does knowing the true background of the photo have on the reader? Check all that apply. It makes the reader consider the idea that the media doesn’

Adding a BLANK to the text would best help readers understand important details about the sculpture in this excerpt

The larger the object's mass, the less gravity it has. True False

For Catcher in the Rye Why does Holden lie to Mrs. Morrow about her son? Does the lie have a genuine concern for her at the bottom?

Explain the energy conversions that take place during combustion?

You are given the following information about Palmer Golf Shop, Inc. The 2018 balance sheet of Palmer Golf Shop, Inc., showed long-term debt of $2.5 million, an

Find the missing angle. * 70° ? 40° 40 degrees 100 degrees 25 degrees 70 degrees

KAB Inc., a small retail store, had the following results for May. The budgets for June and July are also given. Sales are collected 80% in the month of the sal

Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2018: Currency and coins $ 630 Balance in checking account 2,900 Customer

A fountain is made up of two semicircles and a quarter circle. Find the perimeter of the fountain. Round your answer to the nearest tenth. The perimeter of the