A restaurant has two menus, one printed in English, the other printed in the local language.The prices on the English menu are double those on the other menu.The restaurant owners believe that if you cannot read the local language, you are a foreigner and, therefore, must pay more.This is an example of:

Question

Quizplus · Accepted Answer

This is an example of price discrimination, where different prices are charged to different customers based on their perceived ability to pay, in this case, based on language and presumed foreign status.

A Restaurant Has Two Menus, One Printed in English, the Other