When you are to think of an Asian cultured drink, what would you think of? To me, the first thing that comes to mind is bubble tea. This sweet beverage which was invented in Taiwan has spread all over Canada, with it being quite popular in Vancouver. Since I can remember, I have always preferred bubble tea rather than any sodas.
Over the past couple of years, I have noticed the price of bubble tea is increasing ever so slowly. And yet, the quantity demanded does not seem to have much of a decrease. People, including me, are ignoring the 25 cents increase in price and continuing with purchasing those delicious tea beverages.
In addition to the increase of the drink, they started charging for the tapioca which is, for some people, the reason why they buy the drink. But is this extra expense worth it? If we think about it, this whole drink is not a need, but rather a want. It all comes down to personal preference and an individual’s view of the bubble tea’s opportunity cost.