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QUESTION
Which of the following is a plausible reason that restaurants offer " Senior Citizen Discounts"?
Which of the following is a plausible reason that restaurants offer "
Senior Citizen
Discounts"?
A)
Senior citizens tend to have inelastic demands for restaurant
meals.
B)
Senior citizens are not very sensitive to changes in
price.
C)
Senior citizens are easily fooled by "come
-ons" and are therefore frequently victims of
price discrimination.
D)
Senior citizens tend to have elastic demands for restaurant
meals.
