Hello! How would you respond to this?
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Hello! How would you respond to this? I keep getting marked down

for not being engaging. But the post doesn't ask me a question or anything and its really hard. Please see post below.


For week two we are to write bout why it is important that prices are flexible in our economy. The second part is if we think that the government should control the level of prices for products that are really important. First we must know what flexible pricing is. In my eyes flexible pricing is an on case basis and can be negotiated. Published by the MBA Skool Team, "It is a pricing strategy in which the final price at which the product or service being sold is open for negotiation between buyers and sellers". Flexible pricing is both beneficial to the sellers and the consumers. Not everyone is able to afford certain goods or services. With flexible prices a consumer may be able to afford something that they are normally unable to pay for. In return a company may still earn a profit off that service or good provided instead of losing that customer altogether. This helps us keep an equilibrium in supply and demand. Any type of services like plumbing, roofing, and flooring are perfect examples. They can give discounts and lower the price to earn business. Another example that I found online was with transit. It pointed out how different age brackets paid different amounts for the same service of riding the bus.
It is a tough question if I believe that the government should be allowed to control the prices for products. The reason I say this is because there is a possible positive aspect of this but I do see more negative so I am leaning towards no. On the positive side if the government truly cared about the people and wanted to protect them from overpaying, than it would be good. The negative part is if they set the price too high people are over paying and the demand will go down. If it is too low, companies will stop providing as much and the demand will go up which will cost a shortage. Both of these are not the ideal situation. I do not want to sound like I do not trust our government or Politian's however if they are in charge of prices, the prices might benefit the parties that contribute to their campaign.

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