Title: 
Headings: Third Degree Price Discrimination Definition
Third Degree Price Discrimination Definition
What is Third Degree Price Discrimination
Key Points
Conditions for Third Degree Price Discrimination
Third Degree Price Discrimination Graph
Third Degree Price Discrimination Examples
Cinemas
Restaurants
Student Discounts
Taxis
FAQs on Third Degree Price Discrimination
Further Reading

Content: Quite simply, by offering children lower rates, it not only brings in more children but also more adults. Restaurants
Some restaurants offer discounts for customers that come at a specific time. This might include a cheaper ‘lunch-time’ menu or some kind of ‘early-bird’ menu for customers who come during non-peak hours. This attracts customers who are more price-sensitive, whilst also benefiting the firm by utilizing its capacity during less busy hours. Some restaurants also offer discounts for veterans and healthcare workers. Student Discounts
Most firms recognize that students demand is very elastic – meaning they are more sensitive to changes in price. As a result, many firms offer substantial discounts for students in order to win their business. Not only does this win their custom in the short-term, but it could also win their custom for their adult life too. After all, students are likely to be curious and try new brands and experiment. If one firm does well with their offering, they may in fact win a customer for life.