COLD SODA INCENTIVE

Directions: Pleasepersonallyfill this survey out. This will give us a real opportunity to graph surveyed data and analyze the results. Thank you for your help!

1. Assume I have a cooler of ice-cold Pepsi-Cola.

  1. If I offered to sell you a Pepsi for $1.50 would you be willing to buy one? Y or N
  2. If I offered to sell you a Pepsi for $1.25 would you be willing to buy one? Y or N
  3. If I offered to sell you a Pepsi for $1.00 would you be willing to buy one? Y or N
  4. If I offered to sell you a Pepsi for $0.75 would you be willing to buy one? Y or N
  5. If I offered to sell you a Pepsi for $0.50 would you be willing to buy one? Y or N
  6. If I offered to sell you a Pepsi for $0.25 would you be willing to buy one? Y or N

2. Now assume I have 2 coolers, one full of ice-cold Pepsi-Cola and one full of ice-cold Coca-Cola. I am going to repeat my offers to sell Pepsi, but now consider the availability of Coke. Assume Coke is available as an alternative, and the price of Coke is always $0.75. You can buy either Pepsi, or Coke or nothing.

  1. If I offered to sell you a Pepsi for $1.50 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N
  2. If I offered to sell you a Pepsi for $1.25 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N
  3. If I offered to sell you a Pepsi for $1.00 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N
  4. If I offered to sell you a Pepsi for $0.75 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N
  5. If I offered to sell you a Pepsi for $0.50 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N
  6. If I offered to sell you a Pepsi for $0.25 would you be willing to buy one? (Answer Yes if you are willing to buy Pepsi. Answer No if you would buy the Coke at $0.75 or you would buy nothing) Y or N

Extra credit: Analyze demand schedules on 2nd side.

  • At the very least, share with parents the results.
  • Due Date:

17 Total Parents

Price / Question #1: Quantity Demanded / Question#2: Quantity Demanded
$1.50 / 5 / 1
$1.25 / 5 / 2
$1.00 / 8 / 3
$0.75 / 8 / 5
$0.50 / 9 / 6
$0.25 / 10 / 8

44 Students

Price / Question #1: Quantity Demanded / Question#2: Quantity Demanded
$1.50 / 7 / 1
$1.25 / 8 / 1
$1.00 / 22 / 5
$0.75 / 27 / 12
$0.50 / 30 / 28
$0.25 / 35 / 32

2017-2018