Third Degree Price Discrimination and Price Elasticity of Demand Practice Problem

Hi everyone in this video I'm going to go through a practise problem that explores the relationship between third degree price discrimination and price elasticity of demand.
0:00 Introduction / reading question
1:27 Our two type of consumer
2:18 Profit Maximisation
2:45 How to set up the Problem and Predictions
4:50 Pensioner's price
6:32 Adults Price
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