Minimum 150 words.
Dynamic pricing has been around for a while. However new technologies allow sellers to use it in other ways. Amazon, for example, changes the price of an item frequently. Airlines change the prices in certain flights almost every day..
Research the topic. One reference is:
Schumpeter (2016, January 30). A growing number of companies are using “dynamic pricing”. The Economist, p. 59.
Reflect. In our Supply and Demand Model is the equilibrium point changing continuously?
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