eli5 why bottled water costs more than lemonade?

Question

I see lemonade on shelves costing half the price of bottled water. I imagine that a 10 per cent sugary solution is still 90 per cent water, but costs (some times) half as much.

In: Economics

Answer 1

I feel like this question is asked (in various forms) every other week and what they ALL boil down to is the misconception that prices are based on the actual value of the items in question. However, the price is arbitrary and is heavily influenced simply on what people are *willing* to pay.