Price Discrimination Is the Practice of Charging a Higher Price

question 128

True/False

Price discrimination is the practice of charging a higher price for the same product or service when demand approaches the physical limit of the capacity to produce that product or service.

---

Definitions:

Caregiving Needs

The requirements necessary to support and maintain the health, safety, and well-being of someone requiring care.

Home Setting

A residential or domestic environment, often used in the context of receiving healthcare services outside of a hospital or clinic.

Emotional Trauma

Psychological damage that occurs as a result of a severely distressing event, often leading to long-term stress and anxiety.

Civilian Life

The lifestyle of individuals who are not active members of the military, police, or any other uniformed services.