Uber uses a pricing strategy based on real-time market conditions. it charges less in periods of low demand and more during periods of high demand. sometimes these prices double or triple during periods of high demand. uber argues that these higher prices motivate more drivers to pick up passengers, thus increasing the supply of drivers needed to handle the additional demand. this demand-based pricing strategy is an example of:

What is the difference between an observational study and an​ experiment? choose the correct answer below. a. in an​ experiment, a treatment is applied to part of a population and responses are observed. in an observational​ study, a researcher measures characteristics of interest of a part of a population but does not change existing conditions. b. in an​ experiment, a treatment is applied to an entire population and responses are observed. in an observational​ study, a researcher measures characteristics of interest of an entire population but does not change existing conditions. c. in an​ experiment, a researcher measures characteristics of interest of a part of a population but does not change existing conditions. in an observational​ study, a treatment is applied to part of a population and responses are observed. d. in an​ experiment, a researcher measures characteristics of interest of an entire population but does not change existing conditions. in an observational​ study, a treatment is applied to an entire population and responses are observed.