Here’s the difference: Dynamic pricing is not the same as surge pricing. Contrary to popular misunderstanding, dynamic pricing isn’t just about raising prices when demand exceeds supply. That’s “surge pricing.” Dynamic pricing also includes lowering prices, both when demand declines and during supply surplus. Dynamic pricing essentially responds to the ebbs and flows of a free market economy.
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https://www.ccjdigital.com/business/article/15677965/how-dynamic-pricing-works-in-transportation