If a fast food restaurant gives senior citizens a 10% discount on food every day, this is an example of price discrimination. If they only give the discount on Tuesdays it is not price discrimination.

Question

Quizplus · Accepted Answer

Price discrimination is when different prices are charged to different groups of customers for the same product or service. In the given scenario, discount is offered to senior citizens every day which is not differentiating customers on the basis of their age. Therefore, it is not an example of price discrimination.

If a Fast Food Restaurant Gives Senior Citizens a 10