Asked by Mirza Kashif on Sep 24, 2024

​Which of the following is an example of price discrimination?

A) ​Seniors paying a lower price for tickets at movie theatres
B) Students paying discounted rates on travel
C) Tourists paying higher prices on local attractions than locals 
D) ​All of the above

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Seniors

Older adults, typically those aged 65 and above, who may qualify for certain benefits and considerations due to their age.

Students

Individuals engaged in the process of learning, typically within an educational institution such as a school or university.

  • Understand the concept of price discrimination and its application in various business contexts.