Which of the following is not a condition for a firm to engage in price discrimination? Group of answer choices Consumers are partitioned into two or more types, with one type having a more elastic demand than the other. The firm has a means of identifying consumer types. The consumers are assured to be sincere in telling their true natures. There is no resale market for the good.
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Ответ:
The quantity demanded is likely to fall by 10%.
Explanation:
The elasticity of demand shows the change in quantity demanded due to change in the price of the commodity.
Unitary elastic demand means that the elasticity of demand is equal to 1. It means that a proportionate change in price will lead to equally proportionate change in price.
So, if it is a normal good a 10% increase in price will cause the quantity demanded to fall by 10%.