In order to price-discriminate, a firm must be able to separate its customers who have different elasticities of demand. A firm can earn more revenue by charging higher prices to consumers with relatively inelastic demand, and lower prices to consumers with relatively elastic demand. Consider the different customers listed below. Which ones have relatively inelastic demand, and which ones have relatively elastic demand? Items (4 items) (Drag and drop into the appropriate area below) Grandpa Joe, who is retired, eats dinner at 5:00 p.m. Jordan goes to an out-of-state university. Jerry buys multiple items (soda, popcorn, candy) from the concession stand at a movie theater. Kallie buys clothes at an outlet mall. What is the fare-box recovery ratio? Select Answer The percent of a city's overall transit budget that is collected from riders via the fare box. The percent of transit fares that are recovered by collecting loose change that has fallen to the floor of public buses and trains. The percent of transit fares owed by fare dodgers that a city is able to recover by sending debt collection agencies to the homes of fare dodgers