Identify the correct degree of price discrimination in each example       1. Wendy's charges senior citizens lower prices for its meals than it charges younger citizens.     2. Starbucks charges different prices per ounce of coffee for each of its different sizes of coffee cups.     3. Smaller boxes of cereal are more expensive per ounce of cereal than larger boxes of cereal     4. Comcast charges each consumer the highest price the consumer is willing to pay     5. Disney World charges children under 10 years old a lower ticket price than people over 10 years old     6. The price of 1 bottle of water is significantly higher than the per unit price of a 24 pack of bottled water

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Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.