The economic term for the practice of charging different prices to different customers (or groups of customers) depending on how price sensitive they are is referred to as:
A) An ultimatum.
B) Exploitation.
C) Bargaining
D) Price discrimination.

Question

Quizplus · Accepted Answer

Price discrimination refers to the strategy of selling the same product to different customers at different prices, based on their willingness or ability to pay. This practice leverages the concept of price sensitivity, where prices are adjusted according to the perceived value or demand among different customer segments.

The Economic Term for the Practice of Charging Different Prices