The Effect of Price Discrimination on Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Effect of Price Discrimination on Demand and Supply
Price discrimination refers to the practice of charging different prices for the same product or service to different groups of customers. This strategy is employed by firms in order to maximize profits, as they are able to capture additional revenue from customers who are willing to pay more for a product or service.
The impact of price discrimination on demand and supply can vary depending on the specific circumstances and market conditions. However, in general, price discrimination can have both positive and negative effects on both demand and supply.
One potential positive effect of price discrimination on demand is that it can increase the total quantity of a product or service that is sold. This is because price discrimination allows firms to charge lower prices to customers who are more price-sensitive, thus making the product or service more affordable and accessible to a larger number of consumers. As a result, demand for the product or service may increase, as more people are able to purchase it at a lower price.
Another potential positive effect of price discrimination on demand is that it can increase consumer surplus. Consumer surplus is the difference between the amount that a consumer is willing to pay for a product or service and the price that they actually pay. Price discrimination allows firms to charge different prices to different customers based on their willingness to pay, which can result in some customers paying less than they would be willing to pay under a uniform pricing system. This can increase consumer surplus and lead to greater overall welfare.
However, price discrimination can also have negative effects on demand. One potential negative effect is that it can reduce the total quantity of a product or service that is sold. This is because price discrimination can lead to some customers being charged higher prices than they would be willing to pay under a uniform pricing system. These customers may choose to purchase less of the product or service, or may choose to purchase from a competitor who offers a lower price.
Price discrimination can also have negative effects on supply. One potential negative effect is that it can increase the cost of producing the product or service. This is because price discrimination can require firms to invest in additional resources, such as marketing and customer segmentation, in order to effectively target different customer groups. These additional costs can reduce the profitability of the firm and may lead to higher prices for all customers.
Another potential negative effect of price discrimination on supply is that it can reduce innovation and investment in the market. This is because price discrimination can create barriers to entry for new firms, as established firms may be able to capture a larger share of the market by using their customer data and pricing strategies to maintain their competitive advantage. This can lead to reduced competition and innovation in the market, which can ultimately harm consumers.
In conclusion, the impact of price discrimination on demand and supply is complex and can vary depending on a range of factors. Price discrimination can have both positive and negative effects on demand, by increasing the total quantity of a product or service sold and increasing consumer surplus, but also reducing the total quantity sold and leading to higher prices for some customers. Similarly, price discrimination can have both positive and negative effects on supply, by increasing the cost of producing the product or service and reducing innovation and investment in the market. Ultimately, the impact of price discrimination on demand and supply will depend on the specific circumstances and market conditions in which it is employed.
The Effect of Price Discrimination on Demand and Supply
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
|
|
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
|
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!! |
|
|
PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!