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Oh sure. It seems reasonable that new releases are priced higher for those that just can't wait. Why not skim off the cream while the interest is high. There are always those products that people line up to buy. But interest wanes and even at first there is a finite supply of consumers willing to buy at premium prices. Once you've skimmed off the cream and sales start to drop as for every product (including books)happens eventually it is time to drop the price and catch the next tier of customers. Amazon is very good at knowing when it is time to drop prices to catch the most customers.
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