LaToya’s company has been engaging in something that could potentially land her in hot water. She has been offering lower prices to her friends and raising the prices for shoppers who appear to be wealthy. What is this practice known as?

Question

(1 point)
Responses

public pricing

public pricing

price discrimination

price discrimination

price hardship

price hardship

price leniency

Answer 1

The practice that LaToya's company is engaging in is known as price discrimination.