Market Structure and Pricing — Economics STD 11 — Question

1. Personal :
Different prices are charged for different individuals.
(Eg.) Tickets at a concessional rate to the senior citizens in railways.

Different prices are charged at different places for the same product.
(Eg.) A book sold within India at a price is sold in a foreign country at a lower price.
3. On the basis of use :
Different prices are charged according to the use of a product.
(Eg.) TNEB charges lower rate for domestic use of electricity and higher rate for commercial uses.