हिंदी

The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of ______. - Economics

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प्रश्न

The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of ______.

विकल्प

  • Product differentiation

  • Price discrimination

  • Consumer exploitation

  • Price determination

MCQ
रिक्त स्थान भरें

उत्तर

The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of Price discrimination.

Explanation:

In order to ensure that electricity is affordable for homes, the State Electricity Board implemented a strategy that involves charging varied tariffs. This strategy also supports small businesses and generates cash from commercial consumers to support infrastructure development and electricity delivery.

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Forms of Market Structure - Monopoly
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