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 Canadian dollar in terms of euros
C)the price of a share of stock
D)the price of a can of pop in a vending machine

Question

Quizplus · Accepted Answer

Sticky prices are those that do not change frequently or easily. The price of a can of pop in a vending machine is a good example because it tends to remain constant for extended periods, even when other economic factors change.

Which of the Following Is the Best Example of a Sticky