Suppose two countries, A and B, are at war with each other. Country A is very...
Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is very poor. The XYZ Co. produces tanks. Is XYZ able to set a different price for the tank sold to country A than the price for the tank sold to country B? Explain
Homework Answers
Since two countries A and B are at War with each other, country A is very wealthy and country B is very poor. The given XYC co. produces tanks.
According to me the XYZ Co. will be able to set a different prices for Country A and B. It will be a case of price discrimination and the most important thing for price discrimination is the elasticity of demand. Since country A is wealthier than country B so its price elasticity will be very low. Whatever the price is Country A can afford to buy its desired number of tanks, this means that if price is high Country A is not going to decrease its demand so the XYZ Co. will charge a higher price to Country A.
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