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Read the article:
Coke Tests Vending Unit That Can Hike Prices in Hot Weather.
Tasks:
- Which TWO factors that influence the demand for Coke are described
in this article (be careful to differentiate between change in
demand and change in quantity demanded.)
- Under what conditions would the vending machine raise the price of
Coke?
- When would the machine lower the price of Coke?
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from the you-gotta-be-kidding dept.
December writes "Short article about Coca Cola testing vending machines
that raise the price when temperatures rise." I can see it now: at
33 degrees it'll cost 2 bucks. And 38 it'll cost 20. At 44 it'll cost as
much as a minivan and at 48 it'll cost ya your pension!! And it'll still
be cheaper than the freakin' movie theater.
- The above is one Internet-user's response to the above article. Do
you like the idea of
Coke introducing temperature-sensitive vending machines? Why or why not?
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This material has been produced by UNITEC Institute of Technology
under contract to the Ministry of Education.
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