In the study of the demand for fast food, the variables gasoline consumption per capita and population density were included as:
A) proxies for substitute goods.
B) proxies for travel distance and cost.
C) proxies for opportunity cost of time.
D) none of the above.

Question

Quizplus · Accepted Answer

Gasoline consumption per capita and population density are used as proxies for travel distance and cost, as they can influence how far and how often people travel to access fast food, impacting demand.

In the Study of the Demand for Fast Food, the Variables