Then auctions like eBay are another example of dynamic pricing.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

I could actually price on specific customer segments or on features I know they need.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

Let's say a guy invents a better light bulb.

Anyway, going back to Price to Earnings, we calculated the

So I think you had more and more people thinking that they were saving when they weren't.

It is traded.

That is Scenario E.

And so the first of these that I will focus on the first is the price of competing products.

We're going to ask if everything you're trying to steal is less than the total weight that you can carry and never going to think about heist total, which given a list of things you're going to steal returns how much all those items are worth .

So that's fine.

So archetypes really helped us understand our customers, they value prop, the revenue and some of our pricing tactics.

The economies were hit hard by energy price increases.

The East Asian economies were hit hard by energy price increases.

No, what happened to us, Chris, is that power, it's priced off the margin.

It has been made possible, by the way, for certain other different reasons.

Because batteries life cycle improve a bit of improvement on energy density, which reduces the price.

And that caused housing prices to go up.

Even that banana that you buy at the grocery store.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

Price

Now suppose that after you take your learn parameters, if you test your hypothesis on the new set of houses, suppose you find that this is making huge errors in this prediction of the housing prices.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

As we said, the same with pricing.

The first stage in a technology's advance is that it'll fall below a critical price.

The other thing we assumed that's being held constant is price expectations for our good.

So if I was in charge of the convention of economics

Well in this case I paid 100 for the bank account.

How could you have prices that kind of move?

On the left hand side, labor is is under a high cost pressure.

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

If x is any larger number than the number I'm solving for, then the sale price is going to be more than fifty and I won't be able to afford it.

It's the best price that someone's willing to give you for something.

But there's another type of pricing.

Another opportunity might be to take the one that is worth the most, kind of ignoring what it weighs .

Set a price for this item

lot more features than just two.

It's not about low cost.

And the other?

Some stores discount the price.

Or I'll come to them and say, Here's what I need done.

It cost me 99 cents to make it.

When economists refer to inflation today, they are referring to a general increase in the level of prices of goods and services.

Over here, this axis right here is going to be the selling price,