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What is Meant by Price Discrimination?

  1. Increase in price of a commodity over time
  2.  A situation where the same product is sold to different consumers for different prices
  3. Subsidization of a product by the Government to sell it at a lower price
  4. General decrease in price of a commodity over time
Anurag Mishra Professor Asked on 4th November 2015 in Economics.
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    Answer: (2) A situation where the same product is sold to different consumers for different prices 

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    Anurag Mishra Professor Answered on 5th November 2015.
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