Day: July 29, 2017

Price discrimination is …?

Select ONE answer:

1. Charges the same price for the same goods
2. Sets a price by adding percentage to costs
3. Uses a high price to enter a market
4. Uses a low price to enter a market
5. Sets different prices for different customers for the same goods

Give a real-life example of price discrimination:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 5 – price discrimination is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits.

 

This work is licensed under a Creative Commons Attribution 4.0 International License.