An example of price discrimination is the price charged for:
A) coffee.
B) college admission.
C) cashmere sweaters.
D) cough syrup.

Question

Quizplus · Accepted Answer

College admission is a classic example of price discrimination. Colleges charge different prices to different students based on factors such as their family’s income or academic performance. This allows them to maximize their revenue and offer financial aid to lower-income students while still charging a premium to those who can afford to pay more.

An Example of Price Discrimination Is the Price Charged For