Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A situation when the supply of service exceeds its demand is referred to as: A ) off - peak pricing. B ) idle production capacity.
A situation when the supply of service exceeds its demand is referred to as:
A offpeak pricing.
B idle production capacity.
C inverse demand.
D excess demand.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started