It turns out we made this pretty easy.

The house costs double what it did before.

Then auctions like eBay are another example of dynamic pricing.

Price

And don't worry about getting top dollar.

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

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.

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

So let's look at possible theories.

For any given price, it's going to lower the quantity demanded.

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

The price of admission.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

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

How could you have prices that kind of move?

You would be correct that Company B was cheaper.

Alright?

How does that change demand?

That is Scenario E.

It's not about low cost.

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

And finally, American families also pay a price for oil.

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.

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

Our price is considerably higher than the current market price.

See...notice I get my axes confused

And that caused housing prices to go up.

I mean, that's 2005 figures.

So let's say if this was on our books.

Because to get that banana to your store, you need to use some gasoline.

The Price of Competing Products. WRTlNG

So for example, let's think about Scenario, a Scenario 2.

Or, another way to think about it is the cost of production.

Now let's think about related goods.

So this is a completely comparable value to this 26,000.

We just divide both sides by 0.75.

Well, I won't define the vehicle for you, but I will define the cost for you.

And we see that the last trade here was for 2.58.

But there are two types of prices.