Demand-based pricing means lower prices during times of lower demand and higher prices during times of higher demand.

Question

Quizplus · Accepted Answer

Demand-based pricing is based on the principle of charging different prices according to the level of demand. Lower prices are charged during periods of low demand to encourage more sales, while higher prices are charged during periods of high demand to maximize revenue. Therefore, the statement is true.

Demand-Based Pricing Means Lower Prices During Times of Lower Demand