Price discrimination is charging consumers different prices for the same good based on individual characteristics of consumers, membership in an identifiable subgroup of consumers, or on the quantity purchased by the consumers. If you purchase one pound of apples the price is $1.50 per pound. If you buy a five pound bag of apples, the cost is $5.00. This is most likely an example of O price gouging. O quantity discounts. Olower marginal cost. O lower marginal benefit.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Price discrimination is charging consumers different prices for the same good based on
individual characteristics of consumers, membership in an identifiable subgroup of
consumers, or on the quantity purchased by the consumers. If you purchase one
pound of apples the price is $1.50 per pound. If you buy a five pound bag of apples,
the cost is $5.00. This is most likely an example of
O price gouging.
O quantity discounts.
lower marginal cost.
lower marginal benefit.
Transcribed Image Text:Price discrimination is charging consumers different prices for the same good based on individual characteristics of consumers, membership in an identifiable subgroup of consumers, or on the quantity purchased by the consumers. If you purchase one pound of apples the price is $1.50 per pound. If you buy a five pound bag of apples, the cost is $5.00. This is most likely an example of O price gouging. O quantity discounts. lower marginal cost. lower marginal benefit.
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