Practice of seller to charge higher price for same market offering is classified as
a. peak-load pricing
b. elastic pricing
c. elastic demand
d. inelastic demand
To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.
A. peak-load pricing
it is True, because peak-load pricing is the best and correct answer to the above question. so, choose this answer.
B. elastic pricing
Wrong. Because elastic pricing is a bad choice for an answer.
C. elastic demand
Wrong answer Again, because elastic demand is a nonsensical answer. do not choose this answer.
D. inelastic demand
It is Wrong Because inelastic demand does not include the correct answer.
The Answer From Practice of seller to charge higher price for same market offering is classified as
So the correct answer is A i.e. peak-load pricing. Hopefully, it can help work on your problem and can add to your insight as well.
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