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Movie theaters, airlines, and many other businesses like to charge customers different prices based on time...

Movie theaters, airlines, and many other businesses like to charge customers different prices based on time of the day, age, and purchase dates. Why?

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Answer #1

Movie theaters charge a low price for day shows and higher price for shows in the evening because in the day demand for ticket is low and in the evening demand for ticket is high. Airlines gives discounts for empty seats to try filling the plane, they charge more prices around the holidays because of increase in passengers during this time, and cheaper tickets are sold to passengers that buy there tickets in advance. other Businesses charge different prices from consumers based on age, location, time of day and purchase dates are examples of price discrimination.so, due to price discrimination sellers charge different prices from different consumers to earn more profit.

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