A group price discriminator sells its product in Florida for three times the price it sets in New York. Assuming the firm faces the same constant marginal cost in each market and the price elasticity of demand in New York is -2.0, the demand in Florida is -1.4, the demand in New York:
a. has an elasticity of -1.4.
b. has an elasticity of -7.0.
c. has an elasticity of -0.67.
d. has an elasticity of -6.0.
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A group price discriminator sells its product in Florida for three times the price it sets in New Yo...
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