(Last Word) Which of the following is not an example of pricing based on group differences in elasticity of demand?

A) Senior-citizen discounts at restaurants and motels.
B) Cash rebates for purchases of automobiles.
C) Child discounts for admission to theme parks.
D) Discounted student prices for visits to museums.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, signifying how the demand for a good can stretch or change.

Senior-Citizen Discounts

Reduced prices offered to elderly individuals, typically those aged 65 and over, as a benefit for their age.

Cash Rebates

Refunds offered to consumers as an incentive to purchase a product or service.