When Tater Tots first hit store shelves in 1956, people did not buy them because they were very inexpensive and there was no perceived value. When the price was raised by stores, people began buying the product.
JCPenny would double the prices on items before putting them on sale , they would advertise the items as having large discounts and often the “sale” price was higher than the original price.
Movie theaters mark up popcorn an average of 1275 percent.
Costco hasn’t changed the price of a hot dog and soda combo ($1.50) in 21 years.