Discrimination based upon the quantity consumed is referred to as ________ price discrimination.
A) first-degree
B) second-degree
C) third-degree
D) group

Question

Quizplus · Accepted Answer

Second-degree price discrimination is when the price varies depending on the quantity consumed. This type of discrimination can be observed in bulk discounts or price breaks for larger purchases. First-degree price discrimination is when the price is customized to match the consumer's willingness to pay, and third-degree price discrimination is when the price varies based on demographic or group characteristics. Therefore, option B is the best choice as it accurately describes the type of discrimination based on quantity consumed.

Discrimination Based Upon the Quantity Consumed Is Referred to as ________