Question: How would the answers to Solved Problem 12.1 and Table 12.1 change if seniors reservation price was $2.50? Table 12.1 (a) No Extra Customers from

How would the answers to Solved Problem 12.1 and Table 12.1 change if seniors€™ reservation price was $2.50?

Table 12.1

(a) No Extra Customers from Price Discrimination Profit from 10 Profit from 20 College Students Pricing Total Profit Sen

(a) No Extra Customers from Price Discrimination Profit from 10 Profit from 20 College Students Pricing Total Profit Senior Citizens $50 Uniform, $5 $100 $150 Uniform, $10 $100 $0 $100 $100 Price discrimination* $100 $200 (b) Extra Customers from Price Discrimination Profit from 10 Profit from 5 College Students Total Profit Pricing Senior Citizens Uniform, $5 $50 $25 $75 Uniform, $10 $100 $0 $100 Price discrimination* $100 $25 $125

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