Which of the following is the best example of a sticky price?
A) the price of a barrel of oil
B) the price of the U.S. dollar in terms of euros
C) the price of a share of stock
D) the price of a soda in a vending machine

Question

Quizplus · Accepted Answer

The price of a soda in a vending machine is the best example of a sticky price because it is typically set by the owner of the machine and is not easily adjusted in response to changes in supply and demand. In contrast, the prices of oil, currency, and stocks are much more responsive to changes in the market.

Which of the Following Is the Best Example of a Sticky