"Peak pricing" can only work effectively if prices remain relatively low for scarce resources.

Question

Quizplus · Accepted Answer

"Peak pricing" refers to the concept of raising prices during times of high demand or low supply. Therefore, it can work effectively for any type of resource, whether it is scarce or not. However, it may lead to customer dissatisfaction if the prices become too high, regardless of the scarcity of the resource.

"Peak Pricing" Can Only Work Effectively If Prices Remain Relatively