Posted on Apr 8, 2024

What surge pricing, dynamic pricing and shrinkflation mean for your wallet

PO1 William "Chip" Nagel

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Reports that Wendy's was considering "surge pricing" drew outrage earlier this year — until the CEO clarified those plans, saying the fast-food chain had planned to use "dynamic pricing."

What's the difference?

What surge pricing, dynamic pricing and shrinkflation mean for your wallet

Posted from wvxu.org

Posted in these groups: Gold 24

Economics

Posted 8 mo ago

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SP5 Dennis Loberger

Posted 8 mo ago

Surge pricing is raising the price when demand is higher. Dynamic pricing involves not just demand but also factors like products costs and supply. It is possible through dynamic pricing that lower cost of goods could lead to lower prices for instance. Whereas under surge pricing the current price is the floor which isn't lowered

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