Why Do Prices Suddenly Change?

Prices are like a game of hide-and-seek. Sometimes, people start buying more things all at once, like after a big sale or a new product comes out, and that makes prices go up. Other times, people stop buying as much, and prices go down. It’s kind of like when you’re playing with your friends: everyone wants to be the seeker first, but then some kids just sit on the sidelines.

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Examples

  1. You rush to buy candy on the last day of school and prices go up because all the kids want it at once
  2. Your favorite phone drops in price when a new model comes out and no one wants the old one anymore
  3. Ice cream prices jump during summer because everyone buys more

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