Question
Which of the following is exemplary of price discrimination? An amusement park sells tickets to local residents Tuesday-Thursday for half the price that the regular
Which of the following is exemplary of price discrimination?
An amusement park sells tickets to local residents Tuesday-Thursday for half the price that the regular entrance fee costs, and they charge visitors outside certain local zip codes full-price on the same days.
A Chinese restaurant is serving a special "set menu" banquet for 10 people and charges four families $210, $235, $250, and $275, respectively, on Wedensday night with all parties arriving between 6 and 7 PM.
A family restaurant offers diners the same chicken dinner for $5.99 a person between 4:30 -5:30 PM and prices it at $7.49 anytime after 5:30.
A clothing store will mark down items on Wednesday and agrees to hold three items for a customer on Tuesday night and ring them up first thing in the morning at the lower price.
An office supply store advertises notebooks that normally cost $1.39 a piece will be $.19 each, with a limit of 8 per person, in the week before school starts.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started