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Differences in US and UK pricing
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In the UK I've got mine as low as allowed for them still to be in KCD's and KU.
In the US, it's the same except for my time travel which jogs along at $3.25. I upped it from $2.99 several months ago and there have been no ill effects. It pays for a bit more advertising rather than going into my pocket.
Yes. Definitely. You should offer your book at hghest price that the consumer is willing to pay for it. The trick is finding out what that price is of course.
In the end, like everything else, this is about trial and error.
Adapt, change, hustle until you reach that sweet spot of equilibrium.