A drugstore offers a discount on prescriptions to senior citizens.This suggests that the absolute value of elasticity of demand for senior citizens is

Question

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The discount suggests that senior citizens are more price sensitive, implying their demand is more elastic compared to other customers. This means the absolute value of their demand elasticity is greater, indicating they are likely to change their purchasing behavior more significantly in response to price changes.

A Drugstore Offers a Discount on Prescriptions to Senior Citizens