Final answer:
Peak-load pricing is also known as surge pricing and refers to a strategy where prices are increased during periods of high demand.
Step-by-step explanation:
Another name for peak-load pricing is surge pricing. Surge pricing refers to a pricing strategy where businesses increase the price of their products or services during times of high demand.
For example, ride-sharing services like Uber and Lyft often implement surge pricing during peak hours or when there is high demand for rides. The prices are increased to incentivize more drivers to be available and meet the increased demand.
Surge pricing is commonly used in various industries such as transportation, hospitality, and entertainment, where demand fluctuates throughout the day or year.