A business knows that it has two sets of customers, one of which has a much more elastic demand than the other. If the business uses price discrimination, which set of customers should receive a lower price?

■

a. Both sets should receive the same price.

■

b. It doesn’t matter to the business which gets a lower price.

■

c. The set with the more price elastic demand should receive a lower price.

■

d. The set with the less elastic demand should receive a lower price.