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First, watch Congresswoman Ocasio Cortez talk about elasticity: https://twitter.com/ssworks/status/1129088866651168773?lang=en Then, watch Congresswoman Ocasio Cortez talk about this practice in the pharma industry: https://www.youtube.com/watch?v=GRsZbGs24jY After watching

First, watch Congresswoman Ocasio Cortez talk about elasticity:

https://twitter.com/ssworks/status/1129088866651168773?lang=en

Then, watch Congresswoman Ocasio Cortez talk about this practice in the pharma industry:

https://www.youtube.com/watch?v=GRsZbGs24jY

After watching the two videos answer the following questions

  1. Why does TRUVADA cost $1,780 in the United States whereas it's just $8 in Australia?
  2. Can you provide other examples of price discrimination? Please explain how price elasticity of demand determines the difference in prices across consumer segments in your example.

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