Which of the following is the best example of a flexible price?
A) the price of a cup of coffee in a coffee shop
B) the price of gasoline at a service station
C) the price of a ticket at a movie theatre
D) the price of a bar of candy in a vending machine

Question

Quizplus · Accepted Answer

The price of gasoline at a service station is a good example of a flexible price because it varies frequently due to changes in supply and demand, and can be influenced by factors such as global oil prices and geopolitical events. The prices of the other options are often more fixed or static, and may not change as frequently or as easily in response to market conditions.

Which of the Following Is the Best Example of a Flexible