wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Price discrimination will be profitable only if the elasticity of demand in different market in which the total market has been divided is ________.

A
uniform
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
different
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
less
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
zero
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B different

Price discrimination implies that the seller in a market charges different prices for its commodity from different groups of consumers either for different uses or at different places.

It is profitable only if the elasticity of demand is different in different market in which the total market has been divided.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Why to Invest in a Company?
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon