How is the success of price discrimination policy depends on elasticity of demand?

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Monopolist will sell the good at higher price to the consumer for whom elasticity of demand of a good is inelastic, where as he will sell the good at lower price to the consumer for whom elasticity of demand of a good is elastic.

kratos · Answer 1 · 2021-03-21T13:12:34+0000

Monopolist will sell the good at higher price to the consumer for whom elasticity of demand of a good is inelastic, where as he will sell the good at lower price to the consumer for whom elasticity of demand of a good is elastic.

How is the success of price discrimination policy depends on elasticity of demand?

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How is the success of price discrimination policy depends on elasticity of demand?

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