A store manager in a nearby town has had a serious problem for several months. It seems he has a product (I’ll call the product the widget) which many consider a necessity. Customers seem to flood his store in search of this product and as a result by end of each week when he customarily restocks his shelves he has sold out and as a result he has a number of unhappy customers. In order to avoid empty shelves what should he do, if anything, about the price he charges for the widget?
In order to avoid empty shelves what should he do, if anything, about the price he charges for the widget?
