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Finding Economcis Assignment 5: Price discrimination. For this assignment, you will find 3 examples of price...

Finding Economcis Assignment 5: Price discrimination.

For this assignment, you will find 3 examples of price discrimination

Price discrimination: Different prices are charged to different customers on the same product.

Find 3 real-life examples of price discrimination and briefly discuss why the sellers do that.

sample example:

A. Higher tuition at UW to non-resident students and lower tuition to resident student

Reasons: Students out of Washington state decided to attend UW, this implies that they have a strong preference toward UW, and UW can charge a higher price to them.

NEED 3 ANOTHER EXAMPLES.

Business   Economics   
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Homework Answers

Answer #1

1. These days airlines charge differently from different customers. During peak time (say festivals), prices are generally high because demand is greater and more elastic. Airplane flight tickets are too high on week days (Monday to Friday) due to lot of business travellers, as compared to weekends.

2. In modern world price discrimination is seen in booking early seats in aeroplanes, trains, uses etc. If one wants to choose a seat according to his need and suitability, he has to spend more as compared to others.

3. In pharmaceutical industry price discrimination is seen in the prices of medicines. In developed countries companies charge more for a medicine as compared to under developed or least developed country.

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