Multiple Choice
Recall the Application about the new vending machine developed by Coca -Cola that charges a higher price for soft drinks when the weather is hot to answer the following question(s) .
-Recall the Application. The use of the new vending machines would NOT result in higher profits for the Coca-Cola vendors if:
A) the amount that individuals are willing to pay for a cold soda does not change with the weather.
B) the price charged for soda during hot days is not much higher than the price charged during cold days.
C) the number of bottles sold during hot days are higher than when the temperature is cooler.
D) the number of warm days in a year is less than the number of cold days in the year.
Correct Answer:
Verified
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