Price discrimination occurs when producers charges different prices to different people for reasons not related to cost. There are generally 3 types.
1st degree price discrimination - when you charge different prices to different individuals, depending on their willingness and ability to pay. This attempts to capture all the consumer surpluses. e.g. auction.
2nd degree price discrimination - where prices differs when individuals purchase good in different quantities. e.g. the increment in parking charges for the 2nd hour will be lower than the first.
3rd degree price discrimination - where prices are charged differently to different group of consumers, depending on the elasticity of demand. Generally the group that has an inelastic demand curve will face higher prices. e.g. bus fares for elderly vs children vs adults.
Price discrimination is when someone selling a service or product sets different prices for different people. The seller will charge the highest price individual customers are willing to pay.
Price discrimination is indistinguishable
price discrimination allows companies to defend
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
If you were the recepient of the increased prices.
>The idea of price discrimination is to transfer the consumers profit to producers>Firstly there should not be any close substitutes available, because then people might use them instead. So price discrimination can occur in monopoly >Secondly the producer must keep the market separate, so that no resale of the product is possible>Thirdly two markets with different elasticity of demand. Price discrimination is successful when costs do not rise when selling on different markets
Price discrimination is indistinguishable
price discrimination allows companies to defend
B. Discrimination on the basis of race or national origin.
There are no laws in Guam that explicitly prohibit discrimination on the basis of sexual orientation.
There are no state laws in Arizona which prohibit discrimination on the basis of sexual orientation.
There are no state laws in Arkansas which prohibit discrimination on the basis of sexual orientation.
There are no state laws in Florida which prohibit discrimination on the basis of sexual orientation.
There are no state laws in Idaho which prohibit discrimination on the basis of sexual orientation.
There are no state laws in Alabama which prohibit discrimination on the basis of sexual orientation.
There are no state laws in Virginia which explicitly prohibit discrimination on the basis of sexual orientation.
There are no state laws in Kansas which explicitly prohibit discrimination on the basis of sexual orientation.
There are no state laws in Kentucky which explicitly prohibit discrimination on the basis of sexual orientation.