Why is no one buying my stuff? Water bottles are only 20$...
Water = 20$ | CDs and Books = 80$ | Newspaper = 10$
It is currently 3 degrees Celsius
20$ for a water bottle, 80$ for CDs and books, and 10$ for newspapers
Well, what are your prices?
What's up with the glum face?
Business isn't going too well, I don't get it...
Wow! Those are some overpriced items, no wonder no one is buying. Let me introduce you to my good old friend, SUPPLY AND DEMAND!
Hmm, I'm listening
You see, it all depends on what the people want and how much they want it, and what you have and how much you have of it. Then adjust your prices accordingly.
Supplyand Demand
For example, let's use the situation you are in. You have an abundance of supplies, but people are not interested in your product, maybe because prices are so high. Consider lowering the prices for your customers. This also applies vice versa. Find the perfect balance and you'll strike it rich!
Sounds great! I'll start adjusting my prices according to supply and demand right away!
Water = 3$ | CDs and Books = 15$ | Newspaper = 1$
Wow! Blonde guy was right, I'm going to be rich! I LOVE SUPPLY AND DEMAND!