An outlet mall tends to be more attractive to shoppers who have
A) inelastic supply.
B) elastic demand.
C) inelastic demand.
D) elastic supply.
E) unit-elastic demand.

Question

Quizplus · Accepted Answer

Outlet malls are more attractive to shoppers with elastic demand because these consumers are more sensitive to price changes, which is a characteristic of outlet malls that often offer discounted prices on goods.

An Outlet Mall Tends to Be More Attractive to Shoppers