alleryMatch price disc: 1. Price: p. Alter 2. Elast: q. Lower 3. Inelast: r. Higher
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Monopolists practice price discrimination by selling at lower prices in elastic markets and higher prices in inelastic markets.
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