When price goes up, quantity demanded goes down and quantity supplied goes up. What happens when companies set the wrong price? Listen to this story aboutChuck E Cheese's(http://freakonomics.com/podcast/chuck-e-cheeses-kid-can-learn-price-theory/, then answer the following questions.

1.What's the danger of setting a price too high?What's the danger of setting a price too low?

2.How did Chuck E Cheese's single price policy contribute to the problem?