When an Electrical Utility Charges Higher Prices During the Day

question 22

Multiple Choice

When an electrical utility charges higher prices during the day than at night,it is practicing:

• A) peak load pricing.
• B) first-degree price discrimination.
• C) second-degree price discrimination.
• D) third-degree price discrimination.
• E) fourth-degree price discrimination.

---

Definitions:

ERG Theory

Clayton Alderfer's motivation theory that divides human needs into three categories: Existence, Relatedness, and Growth.

Relatedness Needs

The human need to form and maintain strong, stable interpersonal relationships.

Social Needs

Human requirements for companionship, belonging, and acceptance within society or specific social groups.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow, which presents a hierarchy of human needs in the form of a pyramid, starting from basic physiological needs to the need for self-actualization.