Which of the following is NOT an example of price discrimination?
A) children's menus in restaurants
B) peak and nonpeak rates for cell phone usage
C) product innovations leading to lower prices
D) standby seats sold at the last minute by airlines

Question

Quizplus · Accepted Answer

Product innovations leading to lower prices is not an example of price discrimination but rather a result of technological advances or cost reductions in production. Price discrimination involves charging different prices to different groups of consumers for the same product or service. A, B, and D are examples of price discrimination as they involve different prices for different groups of customers based on factors like age, time of use, or willingness to pay.

Which of the Following Is NOT an Example of Price