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

I love Lego Mindstorm, is which a wonderful way to experiment with these things.

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

Does the price include breakfast?

It's not about low cost.

Finance, you type in the ticker symbol and you get the price for that day.

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

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.

How could you have prices that kind of move?

It is traded.

We are essentially saying the demand, the Price Quantity demanded relationship is held constant and we can pick a price and we'll get a certain quantity demanded.

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

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.

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

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

One is fixed prices.

I'll agree to the terms if you lower the price.

Even that banana that you buy at the grocery store.

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.

And this is very relevant to what's going on in the world today.

The price does not include the case.

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

Price

So if you have a help at home, if you go to the doctor, the market value of all of those things are going to be put into GDP.

The price includes the postage charge.

There's no haggling.

causing the housing prices to trend.

And just so that we get some of the other details that we see here, this bid right here, this is what someone has explicitly said that they are willing to pay for a share.

See...notice I get my axes confused

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

Then auctions like eBay are another example of dynamic pricing.

The price doesn't include consumption tax.

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

So the first one I'd like to parce is the idea of market value.

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

That's dynamic pricing.

liquidity and things like that in the future.

So we know that housing prices went up.

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

Cost plus market, value pricing, and volume price are all examples of fixed pricing tactics.

Prices are subject to change without notice.

This is all common vector that has all the prices Y in my training set.

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

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

Low Price to Earnings ratio implies that it's cheaper.