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Today General Knowledge(GK)
Surge pricing takes place when a service provider
A)
fixes an average price on the basis of transactions carried over a day
B)
fixes a minimum price for its service
C)
raises the price of its product or service as demand outstrips supply
D)
follows preset prices immune to demand and supply dynamics

Correct Answer : Option (C) - raises the price of its product or service as demand outstrips supply


Published On : May 20, 2021
Category : Business and Economics
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