Question

In three to four sentences,define price discrimination and give one example

Answer 1

Answer:

Price discrimination means when same type of goods or services are sold at different prices from the same provider.

For example- We can see price discrimination in the form of coupons. Few people get 20% off coupon at some restaurant and others get 10% discount coupons.

Other example is - At some places, females entry is free but males have to pay some amount to get entry.

Answer 2

Price discrimination is when someone changes the price due to what someone looks like. If a man with old clothes goes to a lamburgine car dealership and the people ask him not to touch the cars. And no one helps him to look at a car because of what he looks like that would be price discrimination.