5 ms·
No, this is price discrimination. There are _some_ people willing to pay more to have it. It doesn't represent that the aggregate demand is at this price.
by MMXII 14y ago
No, this is price discrimination. There are _some_ people willing to pay more to have it.
It doesn't represent that the aggregate demand is at this price.
- ISL 14y agoIt may not be the optimal point on the supply-demand curve, but if supply is limited, then the price is whatever people are willing to pay.