Question: (3 points)Suppose you can separate consumers into two groups:Group 1 has a price elasticity of demand = -4 and group 2 has a price elasticity

(3 points)Suppose you can separate consumers into two groups:Group 1 has a price elasticity of demand = -4 and group 2 has a price elasticity of demand of -6.If you could conduct third degree price discrimination, which group would you charge a higher price to?Why?Suppose the profit maximizing price for group 2 is $36.What price should I charge group 1?Show all your work.

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