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

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 the profit maximizing price for group 2 is $36. What price should I charge group 1 '2 Show all your work

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