Among the Following,which Is the Best Example of Price Discrimination

question 72

Multiple Choice

Among the following,which is the best example of price discrimination?

• A) Air fares are usually more expensive in December.
• B) A local transit company allows senior citizens, the unemployed, and children to ride at reduced fares.
• C) Taxi fares vary according to the distance traveled.
• D) Cinemas usually charge lower prices on Tuesdays.

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Definitions:

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

High

A term which can refer to an elevated status, level, or degree of something, often used in a comparative context.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Tossing

The act of throwing something lightly or casually, often used in the context of flipping a coin or similar objects.