During a hot summer weekend, the only supermarket near the beach decides to charge consumers $6.50 for the first 12-pack of soda pop, $5.50 for the second and third 12-packs, and $5.25 for all subsequent purchases during the same shopping trip. This would be considered

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This pricing strategy is an example of declining-block pricing, where the price decreases for each additional unit purchased. This encourages consumers to buy more and take advantage of the lower prices, but also ensures that the supermarket still profits by setting the initial price higher.

During a Hot Summer Weekend, the Only Supermarket near the Beach