Uber's Use of Surge Pricing Serves to

question 33

Multiple Choice

Uber's use of surge pricing serves to

• A)lower demand and increase supply during busy times.
• B)lower demand and lower supply during busy times.
• C)increase demand and lower supply during busy times.
• D)increase demand and increase supply during busy times.

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Definitions:

Bachelor's

A Bachelor's degree is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting typically three to four years.

Mass Schooling

The provision of education on a large scale, aiming to offer standardized educational opportunities to the populace.

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestant Christian denominations, breaking away from the Catholic Church and its practices.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and changes in society.