Multiple Choice
Which of the following is a plausible reason that restaurants offer "Senior Citizen Discounts"?
A) Senior citizens tend to have relatively more elastic demands for restaurant meals than other consumer groups.
B) Senior citizens tend to have relatively more inelastic demands for restaurant meals. than other consumer groups.
C) Senior citizens are not very sensitive to changes in prices.
D) Senior citizens are easily fooled by "come-ons" and are therefore frequently victims of price discrimination.
Correct Answer:
Verified
Correct Answer:
Verified
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