Ya'll.. Snow is pricey

[ItMe]

This isn't relevant to the conversation at all, but...

Maybe we should just do away with currencies and go back to the days where we traded goods and services directly instead of pushing around digital bits of metal and scraps of paper (considering physical currency itself is slowing phasing out in favor of debit/credit cards and other digital forms of payment).

This gave me the hilarious mental image of your MMOs demanding you pay in cash.

Lowering the price won't get that many more to buy in the long run because the lower price stops being a "special value" so consumers lose interest. A few major retailers tried that strategy in recent decades just to have to end up declaring bankruptcy because their overall sales ended up decreasing, not increasing. The retailer might get a sharp short term spike in sales but then end up losing out over the long term.

That's interesting.
Where can I read up on this?