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12) suppose a barber shop on campus wants to use price discrimination to provide haircuts at different prices to students and faculty. What is likely
12) suppose a barber shop on campus wants to use price discrimination to provide haircuts at different prices to students and faculty. What is likely the best price discrimination strategy to maximize revenues? Give students the ____ price because they have a relatively more ____ demand and give the faculty ____ price because they have relatively more ____ demand. A) Higher; elastic; lower; inelastic B) Higher; inelastic; lower; elastic C)Lower; elastic; higher; inelastic D) Lower; inelastic; higher; elastic
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