Question

Can you think for yourself of some other examples where a person with a given income has to choose which things and in what quantities he or she can buy at the prices that are being charged (called the current prices)?

Answer 1

Explanation:

What Is Price Discrimination?

Price discrimination is a selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to. In pure price discrimination, the seller charges each customer the maximum price he or she will pay. In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price.

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