Surge pricing of cabs
Q. Surge pricing is related to- Published on 16 May 16a. Food grains
b. Sugar
c. Cabs
d. Luxury products
ANSWER: Cabs
- The Uber fare rates automatically increase, when the taxi demand is higher than drivers around customers.
- The Uber prices are surging to ensure reliability and availability for those who agree to pay a bit more. You can be notified by the app when the Uber surge pricing goes down again.
- Uber price surging happens often at peak times in the morning and again in the evening rush hours when everyone is heading back from work.
- When the Uber prices are surging, it also encourages more drivers to get back on the road and be able to earn more money. Usually, the Uber surging only last for a few minutes depends on the demand and the amount of available drivers in the customer’s area.
- Many places in India have banned surge pricing like Delhi and Karnataka. The cabs charge even six to seven times the fare under the name of surge pricing.
