Inter-temporal price discrimination refers to the practice of charging different prices for the same product based on time. It involves offering discounts during off-peak periods and higher prices during peak periods.
Peak Pricing: Charging higher prices during times of high demand.
Off-Peak Pricing: Offering discounted prices during times of low demand.
Price Elasticity of Demand: A measure of how responsive quantity demanded is to changes in price.
AP Microeconomics - 4.3 Price Discrimination
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