Q360
Practice of seller to charge higher price for same market offering is classified as
A.
peak-load pricing
AnswerB.
elastic pricing
C.
elastic demand
D.
inelastic demand
Answer: Option A
Solution
Answer: Option A
Solution:
Practice of seller to charge higher price for same market offering is classified as peak-load pricing. The Peak Load Pricing is the pricing strategy wherein the high price is charged for the goods and services during times when their demand is at peak.