Dynamic pricing used by companies such as Uber:
A) often results in shortages of desired products.
B) has been declared illegal because it harms consumers.
C) creates market prices that are consistently lower than those preset by firms or by law.
D) allows market prices to adjust in real time to changes in supply and demand.
Correct Answer:
Verified
Q20: In the following question you are asked
Q21: In the following question you are asked
Q22: In the following question you are asked
Q23: In the following question you are asked
Q24: In the following question you are asked
Q25: In the following question you are asked
Q26: In the following question you are asked
Q27: Suppose that in 2008, Ford sold 500,000
Q29: The ride-sharing service Uber uses "surge pricing":
A)
Q30: Which of the following is a consequence
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents