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  1. Home
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Miscellaneous·2017·Easy

Surge pricing takes place when a service provider

Surge pricing takes place when a service provider

Options

  1. a.

    raises the price of its product or service as demand outstrips supply

    Correct answer
  2. b.

    follows preset prices immune to demand and supply dynamics

  3. c.

    fixes a minimum price for its services

  4. d.

    fixes an average price on the basis of transactions carried over a day

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