Many hotel chains offer senior citizen discounts to members of AARP. This suggests that the hotels believe that senior citizens have a ________ demand for hotel rooms than non-seniors.

Question

Quizplus · Accepted Answer

Senior citizens are likely to have a more elastic demand for hotel rooms, meaning they are more sensitive to price changes. Offering discounts can attract them to choose these hotels over others.

Many Hotel Chains Offer Senior Citizen Discounts to Members of AARP