The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?
Correct answer: B. first-degree price discrimination
- A. second-degree price discrimination
- B. first-degree price discrimination
- C. third-degree discrimination
- D. fourth-degree discrimination
Explanation
First-degree price discrimination charges each customer according to that customer's willingness or demand for the product. Third-degree discrimination instead separates customers into identifiable groups, such as students or senior citizens.
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