Prices during an emergency
About 3–6 minutes · One starting situation and two variations
Separate cost, supply, and urgent need in a pricing decision.
Content note
A fictional village and virtual US dollars. This is not a legal or financial assessment.
Choose another experimentThe supply stays the same
Flooding has cut off a fictional village's water supply. A seller proposes raising bottled water from virtual $3 to $9. Purchase and transport cost remains $2 per unit.
Assume the higher price will not increase the amount of water available today. You are choosing a temporary village selling rule.
Would you permit the price increase?
- Permit the increase
- Do not permit the increase