Why Do Prices Change When No One Is Looking?

Prices change because things people want cost more, and things no one wants cost less. Imagine you have a lemonade stand. If everyone wants your lemonade, you can charge more. But if no one is around, you might need to lower the price just to sell it.

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Examples

You want a toy for Christmas, but the store raises the price because everyone wants it.
A bakery lowers the price of bread when no one comes to buy it on a rainy day.
Your favorite video game costs more during its release than after it's been out for months.

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Categories: Economics · supply and demand,market forces,pricing