What are the types of price discrimination
What are the types of price discrimination?
Expert
The types of price discrimination are as follows:
1. Price relatively elastic portion of the demand curve of the first degree that charging various price for various persons for similar product.
2. Price discrimination of the second degree: In this, the buyers are classified in various divisions.
3. Price discrimination of the third degree: In this, the markets are divided as per elasticity of demand.
The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Q : What are the types of price What are the types of price discrimination?
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