Vending machines on your campus has doubled the price

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Reference no: EM131094682

Suppose that the company that owns all of the vending machines on your campus has doubled the price of a can of soda, but they still sell almost the same number of sodas per day because:

A. students do not have good nutritional information

B. there are few other places to purchase soda on campus

C. soda purchases represent a large fraction of students' budgetS

D. price elasticity of demand for soda is almost unitary

PLEASE PROVIDE AN EXPLANATION WHERE POSSIBLE

Reference no: EM131094682

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