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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 4
Why do Starbucks customers at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy locations?
A) Starbucks coffee is better than that of any other company.
B) They are willing to pay more for the convenience of Starbucks' location.
C) Starbucks must pay more rent than stores located in less expensive neighborhoods.
D) The lines are always shorter at Starbucks because of their higher prices.
A) Starbucks coffee is better than that of any other company.
B) They are willing to pay more for the convenience of Starbucks' location.
C) Starbucks must pay more rent than stores located in less expensive neighborhoods.
D) The lines are always shorter at Starbucks because of their higher prices.
Explanation
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Option (a) is incorrect because each and...
Microeconomics 9th Edition by Stephen Slavin
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