________ is the practice of charging a higher price for the same product or service when demand approaches the physical limit of the capacity to produce that product or service.
A) Price discrimination
B) Peak-load pricing
C) Demand-based pricing
D) Customer preference pricing

Question

Quizplus · Accepted Answer

Peak-load pricing is the practice of charging a higher price when demand approaches the physical limit of production capacity. This strategy allows businesses to maximize profits during periods of high demand and ensure that supply is not depleted too quickly. Price discrimination refers to charging different prices to different customers, whereas demand-based pricing and customer preference pricing are not specific to peak-load pricing.

________ Is the Practice of Charging a Higher Price for the Same