Saturday, September 15, 2018

Concept of Price discrimination with an example

Concept-

Price discrimination is exploiting demand characteristics allowing the same product to be sold in different markets depending upon the price of the products.

Example related to Price discrimination-

I am very much fond of German silver earrings, basically it is famous in Kolkata normally West Bengal people used to put this kind of ornaments.One day my cousin went to Delhi Sarojini market for buying some ornaments from there.He send me the pictures of that particular earrings which was common in Kolkata and hence it price was cheap from Kolkata.So he bought many ornaments from there.This is the price discrimination concept same thing having different prices in different places.

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