Navigasi
Soal 117 / 140
TOEFL-ITP
▼
TOEFL ITP Preparation - Paket 07 117 / 140
TOEFL-ITP
🔒 Anda sedang melihat pratinjau soal
Login untuk ikuti tryout lengkap dengan timer, simpan jawaban, dan lihat skor akhir Anda.
Masuk dengan Google — Gratis
TOEFL ITP Preparation - Paket 07
TOEFL-ITP
TOEFL ITP - Reading Comprehension
117. Read the following passage, then answer the question below.
When a snowstorm hits a city, the price of a ride-hailing trip can double or triple within minutes. Passengers complain, but economists regard such surges as an example of how prices coordinate behavior. According to the basic model of supply and demand, a price rises when more people want a product than can be supplied, and it falls when supply exceeds demand. The movement of the price is not a side effect; it performs a job. A higher price signals to drivers that their services are urgently needed and encourages more of them to work, while it also leads some riders to postpone trips or share cars.
Critics reply that real markets do not always follow the model. In a disaster, for instance, a higher price for bottled water may not bring new supply quickly, since roads may be blocked, and it can deny a necessity to those who cannot afford it. Many societies therefore limit price increases during emergencies, even though economists warn that such limits can create shortages: if the price stays low, demand remains high, and sellers have little reason to bring in more goods. Shoppers then compete not with money but with time, standing in lines or buying in panic.
Behavioral researchers add that fairness matters. Surveys have shown that consumers accept a price rise when it reflects a rise in the seller's costs, yet they resent it when it only reflects increased demand, even if the economic effect is the same. Companies know this and often disguise price changes through discounts or fees rather than announced increases. The debate shows that prices are both economic signals and social judgments, and that a market can be efficient without being perceived as fair.
Why does the author say shoppers 'compete not with money but with time'?
Jawaban: B
Pembahasan: Ungkapan itu menggambarkan akibat harga yang dijaga rendah: orang mengantre, bukan membayar lebih.
Paket soal lain di kategori ini
Lanjut latihan dengan paket lain yang sejenis.
Soal lain yang bisa kamu coba
Pilihan acak dari kategori yang sama.
- Identify the one underlined word or phrase that must be changed for the sentence to be correct.The librarian. TOEFL ITP Preparation - Paket 06 · Soal 85 · TOEFL ITP - Structure and Written Expression
- Identify the one underlined word or phrase that must be changed for the sentence to be correct.I look forward. TOEFL ITP Preparation - Paket 13 · Soal 80 · TOEFL ITP - Structure and Written Expression
- Read the following passage, then answer the question below.The word democracy comes from the Greek demos, 'th. TOEFL ITP Preparation - Paket 13 · Soal 110 · TOEFL ITP - Reading Comprehension
- Read the following passage, then answer the question below.For centuries, ships traveling between the Atlanti. TOEFL ITP Preparation - Paket 06 · Soal 110 · TOEFL ITP - Reading Comprehension
- Choose the word or phrase that best completes the sentence.The company's profits rose sharply, ________ was w. TOEFL ITP Preparation - Paket 06 · Soal 65 · TOEFL ITP - Structure and Written Expression
Kategori terkait
Paket dari kategori yang masih satu rumpun.
Mungkin kamu juga tertarik
Matematika STIS - Paket 01
Seleksi Lanjutan Sekolah Kedinasan STIS
40 soal · 95 menit
Lihat Bank Soal
