Examlex
Which of the following is an example of an off-peak pricing strategy?
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market equilibrium.
Lumber
Timber sawed or split into planks, beams, and other shapes, used for building or crafting purposes.
Demand
The desire to own anything, accompanied by the power and willingness to pay for it.
Technological Advance
Refers to improvements and innovations in technology that increase productivity and efficiency in various sectors of the economy.
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