In this price discrimination, the company divided the consumer into many submarkets or subgroups. Each group they divided represents a different market. They charge different prices in this different market. The price charged to the product depends on the price elasticity of demand. An example of third degree discrimination is the cinema ticket in cinema. The film company charged the ticket at a different price for adults and children. They charge more for adults and cheap for children. Another example is transportation. The bus service charges a different price for adults and children. Some bus companies also differentiate worker and student. They give a discount to students because they have no income. Not only that, many of the theme parks also charge different entrance ticket prices for adults