Suppose That the Company That Owns All of the Vending

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.