Uber's Dynamic Pricing

question 93

Multiple Choice

Uber's dynamic pricing

• A)prevents regulated taxi drivers from changing their fares.
• B)keeps the market for rides in equilibrium by constantly adjusting fares to supply and demand conditions.
• C)creates long wait times for consumers wanting rides at peak demand times.
• D)results in ride pricing that is unfair to consumers.

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Definitions:

Phenomenology

The study of individuals’ own unique, first-person, conscious experience.

Unconscious Dynamics

The underlying psychological processes and conflicts influencing behavior and thought that are not within an individual's conscious awareness.

Behavioral Assessment

The process of observing, measuring, and documenting a person's behavior to understand and address psychological issues.

Cognitive Appraisal

A mental process wherein an individual evaluates and interprets an event or situation, influencing their emotional response.