Economics: The Basics 1st Edition by Mike Mandel

Exercise 5

Identify whether each of the following is an example of a sale price, a negotiated price, a volume discount, or an advance purchase discount.
a) An airline gives you a free trip if you accumulate enough frequent-flier miles.
b) You get a lower rate on a hotel room if you pay for it in advance.
c) Disneyland charges different prices according to the type of ticket you buy. In 2008 the price of a one-day ticket to Disneyland was $91, the price of a three-day ticket was $189, and the price of a five-day ticket was $234.
d) A housepainter offers to paint your home for $3,000. You offer $2,500 instead, and he accepts.
e) The neighborhood supermarket cuts the price of ice cream in half for July 4.