Price Discrimination Refers to a System of Pricing

question 74

Multiple Choice

Price discrimination refers to a system of pricing

• A) based on buyer income rather than buyer demand conditions, so the poor pay more than the rich.
• B) that is always more profitable than simple "single-price" pricing.
• C) that forces customers who require more service to pay higher prices.
• D) where consumer groups with a more elastic demand for the product are charged lower prices.

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