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

Question

Quizplus · Accepted Answer

Senior citizens often have more elastic demands for restaurant meals, meaning their demand changes more significantly with price changes. Offering discounts can attract more senior customers who might otherwise consider dining out too expensive.

Which of the Following Is a Plausible Reason That Restaurants