Charging different groups of people different prices (such as children's prices and seniors' prices versus regular prices) is an example of _____ price discrimination.
A) first-degree
B) second-degree
C) third-degree
D) fourth-degree

Question

Quizplus · Accepted Answer

Third-degree price discrimination involves charging different prices to different demographic groups based on their willingness or ability to pay. Children and seniors often receive discounts because they are perceived to have different price sensitivities compared to the general population.

Charging Different Groups of People Different Prices (Such as Children's