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Practice of seller to charge higher price for same market offering is classified as

A. peak-load pricing

B. elastic pricing

C. elastic demand

D. inelastic demand

Answer: Option A

Solution(By Examveda Team)

Practice of seller to charge higher price for same market offering is classified as peak-load pricing. The Peak Load Pricing is the pricing strategy wherein the high price is charged for the goods and services during times when their demand is at peak.

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