Suppose That the Company That Owns All of the Vending

question 14

Multiple Choice

Suppose that the company that owns all of the vending machines on your campus has doubled the price of a can of soda,but they still sell almost the same number of sodas per day because:

• A)students do not have good nutritional information.
• B)soda purchases represent a large fraction of students' budgets.
• C)there are few other places to purchase soda on campus.
• D)price elasticity of demand for soda is almost unitary.

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Definitions:

Deuterostomes

A major group of animals in which the anus develops from the first opening in the embryo, with humans and starfish as examples.

Chordates

A phylum of animals that, at some stage in their life cycle, possess a notochord, a hollow dorsal nerve cord, pharyngeal slits, endostyle, and a post-anal tail.

Lophotrochozoa

A group of protostome animals within the Ecdysozoa, including mollusks, annelids, and several other phyla, characterized by specific larval and ciliary features.

Madreporite

The madreporite is a sieve-like structure found in echinoderms, such as starfish, that serves as an entry point for water into the water vascular system.