Which Pricing Is Basically a Way of Disconnecting on the Normal

question 18

Multiple Choice

Which pricing is basically a way of disconnecting on the normal price to attract customers

• A)Seasonal
• B)Rack rate
• C)Last-minute pricing
• D)None of these.

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Definitions:

Unemployment Rate

The portion of the labor market that consists of people who are jobless and actively on the lookout for work.

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower equilibrium price.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.

Unemployment

The situation in which people who are willing and able to work are not able to find employment, often expressed as a percentage of the labor force.