Sir, at 17:19, you said that a firm which is selling its product in more than 1 market, then it prices its product lesser in a market where the price elasticity of demand is less. But the correct statement should be: where the price elasticity of demand is higher, this is what we have assumed here that demand is much more elastic in market 1 than in market 2. And pricing in market 1 comes out to be lower than the pricing done in market 2.
Sir, at 17:19, you said that a firm which is selling its product in more than 1 market, then it prices its product lesser in a market where the price elasticity of demand is less.
But the correct statement should be: where the price elasticity of demand is higher, this is what we have assumed here that demand is much more elastic in market 1 than in market 2. And pricing in market 1 comes out to be lower than the pricing done in market 2.
yes
great one sir!!