Question
Hi can you please watch the two videos and help me with answer the following questions? thanks. We learned about the concept of elasticity and
Hi can you please watch the two videos and help me with answer the following questions? thanks.
"We learned about the concept of elasticity and the difference between elastic and inelastic products. please Watch Congresswoman Ocasio Cortez talk about elasticity:"
https://twitter.com/ssworks/status/1129088866651168773?lang=en
"An important concept we learned in elasticity was that of price discrimination. please 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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