Demand for a particular fast-food chain inside an airport is less elastic than outside of the airport because:
A)necessities have less elastic demand.
B)fewer choices means more inelastic demand.
C)specific brands tend to have more elastic demand than categories of goods.
D)consumer search makes demand more elastic.

Question

Quizplus · Accepted Answer

Inside an airport, consumers have limited options for food and therefore the demand for a particular fast-food chain becomes more inelastic as consumers do not have many other choices. Outside of the airport, consumers have a wider range of options, making the demand for a particular fast-food chain more elastic.

Demand for a Particular Fast-Food Chain Inside an Airport Is