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The meaning behind 'dynamic pricing' and its impact to consumers
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“Why is dynamic pricing so powerful?” Morgan asked Sean this question because it comes up all the time and the answer goes beyond parking. Dynamic pricing works because it taps directly into basic supply-and-demand economics. Demand for parking isn’t static. It changes by the hour, the day, the season, and the event calendar. Yet for years, pricing stayed flat. When prices adjust in real time based on demand and availability, revenue naturally follows. Busy periods capture more value. Slower per
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