Which statement is NOT an example of price discrimination?
A)Students receive a discount at the batting cage when they show their university ID cards.
B)Anyone wearing a costume receives free admission to a nightclub on Halloween, while non-costume wearing individuals must pay a cover charge.
C)An exclusive golf club requires members to pay annual dues, but members receive discounted green fees (relative to nonmembers).
D)The price of purchasing a rain poncho sold by street vendors triples when it is raining.

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different groups of consumers for the same product or service, based on their willingness or ability to pay. Options A, B, and C are examples of price discrimination because they offer discounts to specific groups (students, costume wearers, and club members). Option D, however, is an example of dynamic pricing, where prices change based on conditions (in this case, weather) rather than the characteristics of the buyer.

Which Statement Is NOT an Example of Price Discrimination