Which of the Following Is an Example of Price Discrimination

question 77

Multiple Choice

Which of the following is an example of price discrimination?

• A)Both Andy and Beth pay $7 for a ticket to the same movie,although the show timings are different.
• B)Ann purchases a coach ticket on an airline for $250 while Bill purchases a first class ticket on the same flight for $900.
• C)Aaron purchases a hardback copy of Harry Potter and the Deathly Hallows for $25 while Barbara waits and purchases a copy of the same book six months later for $8.
• D)Audrey buys a front-row seat at a concert with back-stage access for $1,200,while Ben pays $500 for seats further away from the stage.

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Definitions:

Federal Budget

An annual statement of the United States government's expenditures and revenues, detailing the allocation of resources among various federal agencies and programs.

Aggregate Demand

The sum of desires for goods and services in an economy, assessed at an established overall price level and during a distinct period.

Transfer Payments

Financial distributions without the requirement of goods or services in return, such as welfare or social security.

Tax Revenues

Governments' income derived from tax levies.