The airline companies often change their flight prices over time. Assume Mary is

Question

The airline companies often change their flight prices over time. Assume Mary is planning her
trip to New York City during the Christmas holiday. When she first checked the price in September, the
ticket price was $300 round trip per person. However, when she checked the price again in early
December, she noticed the price increased to $600 round trip per person for the same flight. This is an
example of _______________.

Perfect Price Discrimination.

Second degree Price Discrimination

Third degree Price Discrimination

First degree Price Discrimination

Perfect Price Discrimination.

Second degree Price Discrimination

Third degree Price Discrimination

First degree Price Discrimination

Explanation / Answer

Answer= Third degree Price Discrimination

It seems in the case that the ticket price been raised because it was the month of December and its new year. It is the peak time. Third Degree Price Discrimination is charging an alternate cost in view of area of client section. This is the most incessant value separation and includes charging distinctive costs for a similar item in fragments of the market. Third degree separation is connected specifically to purchasers' eagerness and capacity to pay for a decent or administration. It implies that the costs charged may bear practically zero connection to the cost of creation.

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