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"Optimize your demand function, and you have the ideal price for your book." As Brilliant as that statement is, it reflects a limited mentality. This post is
by davemel37 15y ago
"Optimize your demand function, and you have the ideal price for your book."
As Brilliant as that statement is, it reflects a limited mentality.
This post is arguing, "Optimize your product and demand function to have the ideal price."
- primatology 15y agoExactly! That's a great way of summarizing the "backwards" mindset. It occurs to me that an ebook has a completely elastic supply curve, so the optimization of the demand curve is the equilibrium price.