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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1

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
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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