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\nUnderstanding Price Discrimination and Its Effects on Markets and Consumers\n

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\nThe video discusses the concept of price discrimination and how it is used by firms to charge different prices to different segments of the market. It provides examples of price discrimination, such as different ticket prices for adults...\nThe video discusses the concept of price discrimination and how it is used by firms to charge different prices to different segments of the market. It provides examples of price discrimination, such as different ticket prices for adults and senior citizens at the cinema, and off-peak and peak train ticket prices. The video also explains how firms identify market segments and how the elasticity of demand plays a role in determining pricing strategies.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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3:44
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, discrimination, prices, perspective, terms, consumers, segments
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Additional Tags

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a-level, snapshots, summary, micro, slide, 18, price, senior citizen, pricing strategy, consumer surplus, price discrimination, higher price, high prices, elastic submarket, firms charge, higher, firms, adults, train, general, start, charging, individuals, lower, compared, point, charge, elastic, market, identified, forms
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Price Discrimination and Its Effects on Markets and Consumers\" href=\"/subscription/new\">\"Understanding\n\n
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