A US Airways flight from Dallas to Houston was full, and the tickets were more expensive than the almost-empty US Airways flight from Chicago to Phoenix. This is an example of what kind of service pricing?

Question

Quizplus · Accepted Answer

This situation is an example of demand-based pricing, where prices are determined by the level of demand for a product or service. In this case, the higher demand for the Dallas to Houston flight results in higher prices, while the lower demand for the Chicago to Phoenix flight allows for lower prices.

A US Airways Flight from Dallas to Houston Was Full