4 ms·
> we probably just buy things more when they're labeled as "$99.99" instead of "$109.99." That's basic price elasticity of demand and entirely unsurprising. Wh
by sokoloff 3y ago
> we probably just buy things more when they're labeled as "$99.99" instead of "$109.99."
That's basic price elasticity of demand and entirely unsurprising. When something costs 10% more, people buy less of it in general.
We also buy more things priced at $99.99 than at $100.00, which is more of the psychological trick than it is rational price elasticity.
- ericjmorey 3y agoThe 2 largest retailers on earth have discovered that the x.99 prices make you less money than pricing at x.99 plus some arbitrary number between .99 and .01.