Unstructured Notes of Price Discrimination

Price Discrimination:

It refers to the exploitation of demand characteristics, which allows the same product to be sold at various prices by the provider in the different markets.

Example 1:

I have my personal account in Axis Bank and even my father is having the same but the difference is he is having platinum credit card so he gets different offers by the bank such as premium offers on transaction by the credit card and I have Debit card so bank provides me different offers and limited offers as compared to my father.

Example 2:

My father is an businessman and we are wholesalers and retailers as well, we generally charge different to the retail customers who are buying 1-2 Goods and we provide different rates to the wholesale customers who all are willing to buy in bulk.