Funny Stuff on Book Resellers and Dynamic Pricing at Amazon

I have been keeping an eye on the pricing figure of R for Business Analytics at Amazon.com and have watched it fluctuate between 49$ to 59$ while it is currently at 50$. (Incidentally- Per Capita GDP of India is 3700$ per year or ~$10 per day)

My point is

  1. why should a used book reseller offer to sell the same book at a HIGHER price,
  2. while a new book reseller offers to sell the same book that Amazon is selling (in stock) at a higher price.
  3. On top of that, these resellers have hundreds of thousands of ratings from delighted book buyers (of other books) who were very happy at buying the same book (used or new) at higher prices including upto twice the price.

Funny Stuff , huh!

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