What is meant by price discrimination? Options: A . &nbspA situation where the same product is sold to different consumers for different prices B . &nbspSubsidization of a product by the Government to sell it at a lower price C . &nbspIncrease in price of a commodity over time D . &nbspGeneral decrease in price of a commodity over time

What is meant by price discrimination?

Question

What is meant by price discrimination?

Options:

A . A situation where the same product is sold to different consumers for different prices

B . Subsidization of a product by the Government to sell it at a lower price

C . Increase in price of a commodity over time

D . General decrease in price of a commodity over time

Answer: Option A
Answer: (a)When different consumers pay different prices for the same product, this situation is known as price discrimination.

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