That's just marginal pricing, which is the pricing in many (most?) markets.
It just means that the price is determined by the price where the demand curve crosses the supply curve.
> That's just marginal pricing, which is the pricing in many (most?) markets.
I don't pay Johnnie Walker Blue Label prices for Jim Beam.
> That's just marginal pricing, which is the pricing in many (most?) markets.
I don't pay Johnnie Walker Blue Label prices for Jim Beam.