Why Do Prices Change When No One Is Watching?

Prices change because sellers want to make more money. Imagine you have a lemonade stand, and on a hot day, everyone wants lemonade, so you raise your price. But when it's cold and no one cares, you lower the price so people still come by. That’s like time-based pricing in real life!

Take the quiz →

Examples

A hot dog stand raises its prices on weekends because more people come by.
A video game store lowers the price of old games during the holidays when no one buys new ones.
You pay extra for a ticket to see your favorite band on Saturday, but it's cheaper on Monday.

Ask a question

Discussion

Recent activity

Categories: Economics · pricing,economics,consumer behavior