Question

multiple choice question
what is the term used to refer to charging different prices to different buyers of a specific product?
o price discrimination
o price elasticity
o price monopoly
o price utility

Explanation:

Price discrimination is the practice of charging different prices to different buyers for the same product based on factors like their willingness - to - pay, location, etc. Price elasticity measures how responsive the quantity demanded is to a change in price. Price monopoly refers to a situation where a single firm controls the price in a market. Price utility is not a standard economic term related to charging different prices to different buyers.

Answer:

Price discrimination