Finance Unbox-ED (INR) - Grade 3-5 - Session 002 - Quiz 1

Peak season is a period during which demand for certain goods and services is much higher than other times

• True

• False

Peak hour is a time in the day during which demand for certain goods and services is much lower than other times

• True

• False

Prices of goods and services are lower during peak season or peak hour

• True

• False

Select all the examples of peak hour

• Prices of Uber rides during rush hours of morning and evening

• Prices of resorts at holiday destinations during school breaks

• Prices of movie tickets for evening shows

• Prices of Christmas tree decorations before Christmas

Increase in prices due to peak season or peak hour is not inflation as these prices will go down again when it is not peak season or peak hour

• True

• False