"A bottle of water can be 50 cents at a supermarket. $2 at the gym, $3 at the movies and $6 on a plane. Same water! Only thing that changed its value was the place."

Please use what you've learned in this module to explain the price difference. For example, why the supermarket only charges 50 cents, not $6 per bottle?

Answer rating: 100% (QA)

The price difference for a bottle of water across different locations can be attributed to various f... View the full answer