Using ________, a Company Raises the Price of Its Product

question 92

Multiple Choice

Using ________, a company raises the price of its product as demand goes up and lowers it as demand declines.

• A) price skimming
• B) decoy pricing
• C) surge pricing
• D) keystoning
• E) high/low pricing

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Definitions:

Ex Post Facto Criminal Laws

Laws that retroactively change the legal status or consequences of actions that were committed before the enactment of the law.

Magistrate's Probable Cause

The determination by a magistrate or judge that enough evidence exists to justify a search, seizure, or arrest.

Arraignment

A court hearing where a criminal defendant is formally charged and asked to enter a plea of guilty, not guilty, or no contest.

Indictment

A formal charge or accusation of a serious crime issued by a grand jury.