Showing posts with label Supply and Demand. Show all posts
Showing posts with label Supply and Demand. Show all posts

Wednesday, May 11, 2016

Dynamic Pricing

Did the price of my favorite drink just increase? Companies across the country are using technology to track consumer behavior and changing prices.

Here is a fun article talking about how bars, airlines, toll roads, and even Disneyland use dynamic pricing. The idea is simple, charge you more when the demand for a particular product is high.