Peak-Load Pricing Occurs When a Higher Price Is Charged as

Multiple Choice

Peak-load pricing occurs when a higher price is charged as

A) demand approaches the physical limit of the capacity to produce a product or provide a service.
B) supply approaches the physical limit of the capacity to produce a product or provide a service.
C) supply of a product or service exceeds the demand for the product or service.
D) demand is less than the supply of the product or service.