Responding to Increased Demand with Steep and Unwarranted Price Increases

question 216

Multiple Choice

Responding to increased demand with steep and unwarranted price increases is called

• A) unit pricing.
• B) demand pricing.
• C) price fixing.
• D) price gouging.
• E) price leadership.

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Definitions:

Contingency Contract

An agreement that becomes effective or is triggered by the occurrence of a specified event or condition.

Therapeutic

Pertaining to the healing of disease or disorders; often used in the context of interventions, treatments, or practices that aim to provide relief or recovery.

Social Relationships

Connections between individuals in a society based on kinship, marriage, work, or social interests.

Social Network

A network of social interactions and personal relationships or a platform that facilitates these interactions online.