I6 Consider a price discriminating monopolist. Which of the following is true? 0 A. The monopolist will sell some of its output at higher prices to consumers with less elastic demand. 0 B. Charging different prices to different customers does not mean the monopoly is necessarily using price discrimination. O C. A monopoly will engage in price discrimination whenever feasible to increase prots. 0 D. All of the above are true. 0 E. None of the above are true. For each of the following examples, which group will pay the higher price (as a result of having less elastic demand)? Air transport for businesspeople and tourists. Serving food on weekdays to businesspeople and retired people. (Hint: Which group has less flexibility during a weekday to adjust to a price change and, hence, a lower price elasticity of demand?) A theater that shows the same movie to large families and to individuals and couples. (Hint: For which set of people will the overall expense of a movie be a smaller part of their budget, so that demand is less elastic?) E