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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
Movie theaters are known for charging high prices for soft drinks. However, there is a limit to how high a price a theater will charge. For example, movie theaters do not charge $20 for a soft drink. An explanation for why movie theaters don't raise their prices higher than they are is
A) the government regulates the price movie theaters can charge for soft drinks.
B) as the price of soft drinks increases, demand becomes more elastic.
C) soft drinks and tickets to movies are substitute goods.
D) as the price of soft drinks increases, demand becomes more inelastic.
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kingbykingby
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#1
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8 years ago
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#2
8 years ago
I figured, great answer
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#3
8 years ago
Yup, vote with confidence!
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