Price Discrimination
Economics ⇒ Markets and Price Determination
Price Discrimination starts at 12 and continues till grade 12.
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See sample questions for grade 12
A company offers a product at Rs. 500 for regular customers and Rs. 400 for students. If 100 regular customers and 50 students buy the product, what is the total revenue?
A monopolist faces two markets: Market A with elastic demand and Market B with inelastic demand. In which market will the monopolist charge a higher price?
A monopolist sells 10 units at Rs. 100 each to one group and 20 units at Rs. 80 each to another group. Calculate the total revenue from both groups.
A monopolist sells a product at Rs. 100 in Market X and Rs. 80 in Market Y. If the cost of production is Rs. 50, calculate the profit per unit in each market.
A railway company charges lower fares for students and higher fares for adults. What type of price discrimination is this?
Describe one way in which technology has made price discrimination easier for firms.
Describe the welfare effects of first-degree price discrimination.
Explain how price discrimination can lead to greater economic efficiency.
Explain the difference between first-degree and third-degree price discrimination.
Explain the role of elasticity of demand in price discrimination.
Explain why price discrimination is not possible in perfect competition.
Explain why resale (arbitrage) prevents price discrimination.
Explain with an example how airlines use price discrimination.
State one reason why a monopolist may practice price discrimination.
What is price discrimination in the context of markets and price determination?
