Which of the following statements is true about price discrimination?
A)It is practiced on the basis of age,time,and the volume of purchases.
B)It is illegal in Canada.
C)It works with luxury goods but not with necessities.
D)It works with necessities but not with luxury goods.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices from different consumers for the same good or service based on factors such as age, time, and volume of purchases. It is not illegal in Canada, and it can work with both luxury goods and necessities, depending on the specific circumstances.

Which of the Following Statements Is True About Price Discrimination