In Longolia, beer drinking is associated with blood types. The demand for beer of the three major blood groups is shown below: Price of Litres of Beer Type A Daily Quantity Type B Daily Quantity Type 0 Daily Quantity 5 18 41 60 4.50 26 48 65 4 34 55 70 3.50 42 62 75 3. 50 69 80 2.5 58 76 85 Refer to the above information to answer this question. If the beer producers could price discriminate on the basis of blood types, in order to maximize revenue, which of the following statements is correct? Question 7Select one: A. The consumer group with the lowest price elasticity of demand should be charged the lowest price. B. The consumer group with the highest price elasticity of demand should be charged the highest price. C. The consumer group which should be charged the highest price depends upon which has the smallest marginal utility. D. The consumer group with the highest price elasticity of demand should be charged the lowest price. Jump to