Marta takes her 72-year-old mother and her 11-year-old son to the local water park. Marta pays $12 for her ticket, $8 for her mother's ticket, and $6 for her son's ticket. This is an example of _____ price discrimination.

Question

Quizplus · Accepted Answer

This is an example of third-degree price discrimination, where different prices are charged to different groups of consumers based on attributes such as age, which in this case are the senior citizen and child discounts.

Marta Takes Her 72-Year-Old Mother and Her 11-Year-Old Son to the Local