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You are the operator of an ice cream shop. Suppose customers who happen to be left-handed have relatively inelastic demands for your product, while right-handed
You are the operator of an ice cream shop. Suppose customers who happen to be left-handed have relatively inelastic demands for your product, while right-handed customers have demands that are relatively price-elastic.
a. If you offer coupons in the local newspaper, which group are you targeting to use them?
a. left-handed customers
b. right-handed customers
b. Explain why your profits may suffer if the "wrong" group uses the coupons.
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