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Class 14
GENERAL KNOWLEDGE
Monopolist resorts to price discriminati...

Monopolist resorts to price discrimination depending upon the

A

(a)Elasticity of supply

B

(b)Elasticity of demand

C

(c)Law of demand

D

(d)Law of supply

Text Solution

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The correct Answer is:
B

The act of selling the sample article, product under a single control, at different prices to different buyers is known a price discrimination. Information on the price elasticity demand can be used by a business as part of a policy of price discrimination (also known a yield management).
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