Peak Pricing Charges

question 61

Multiple Choice

Peak pricing charges:

• A)A higher price when demand is high and a lower price when demand is low.
• B)A lower price when demand is high and a higher price when demand is low.
• C)A low price when demand is high and a lower price when demand is low.
• D)A high price when demand is high and a higher price when demand is low.

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Definitions:

Attention, Need

The psychological concept that explains individuals' requirements for notice and recognition from others.

Self-disparaging Humor

A form of humor in which an individual makes fun of themselves in a light-hearted manner, often to ease tension or appear more relatable.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Profession

A field of employment requiring specialized knowledge and often formal education, characterized by standards for entry, practice, and ethics.