Let's consider a few cases:
1. People wait in line 24 hours for concert tickets.
2. People wait in line 24 hours for the new iPhone on its first day.
3. Movie theaters are more crowded on Saturday night than Monday night, yet the price is the same each evening.
4. Movie theaters do lower the price for early shows.
5. Restaurants have waiting times for Saturday night but not always Monday night.
6. Super Bowl tickets are allocated by lottery rather than by raising the price.
7. When there is a storm, 7-11 doesn't simply raise the price of shovels and that is true even in states with no anti-gouging laws.
How many of these phenomena can you explain?
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