You explored changes in the prices of bottled water, Gatorade, and a gym membership Which of these prices has no effect on the demand for botled water, and why? A change in the price of has no effect on the demand for bottled water because it OA. Gatorade, isn't a complement of bottled water O B. bottled water, changes the quantity demanded along the demand curve OC. agym membership, isn't a substitute for bottled water
You explored changes in the prices of bottled water, Gatorade, and a gym membership Which of these prices has no effect on the demand for botled water, and why? A change in the price of has no effect on the demand for bottled water because it OA. Gatorade, isn't a complement of bottled water O B. bottled water, changes the quantity demanded along the demand curve OC. agym membership, isn't a substitute for bottled water
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1

Transcribed Image Text:Price (dollars per bottle)
Price of
$1.50
bottled
2.50
water
Price of
$2.00
2.00
flavored
water
Price
$2.00
of gym
1.50
membership
Reset
1.00
0.50 -
Do
0 7
9.
10
11
12
13
Quantity (millions of bottles per day)
You explored changes in the prices of bottled water, Gatorade, and a gym membership. Which of these prices has no effect on the demand for botted water, and why?
A change in the price of
has no effect on the demand for bottled water because it
A. Gatorade, isn't a complement of bottled water
O B. bottled water, changes the quantity demanded along the demand curve
OC. a gym membership, isn't a substitute for bottled water
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