A Broadway theater sells weekday show tickets at a lower price than for a weekend show.This is an example of:

Question

Quizplus · Accepted Answer

The scenario described involves charging different prices for the same good or service based on the day it is offered. This is called price discrimination or peak-load pricing. Price discrimination involves charging different prices to different groups of customers for the same good or service, while peak-load pricing involves charging higher prices during periods of high demand and lower prices during periods of low demand. In this case, the theater is charging lower prices for weekday shows (low demand) and higher prices for weekend shows (high demand), which could be categorized as either price discrimination or peak-load pricing. Therefore, the best answer is C.

A Broadway Theater Sells Weekday Show Tickets at a Lower