Which of the Following Is a Plausible Reason That Restaurants

question 43

Multiple Choice

Which of the following is a plausible reason that restaurants offer "Senior Citizen Discounts"?

• A) Senior citizens tend to have elastic demands for restaurant meals.
• B) Senior citizens tend to have inelastic demands for restaurant meals.
• C) Senior citizens are not very sensitive to changes in price.
• D) Senior citizens are easily fooled by "come-ons" and are therefore frequently victims of price discrimination.

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Definitions:

Professional Liability

Professional liability involves the legal responsibility of professionals, such as doctors or lawyers, to compensate for harm caused by their negligence or errors in service.

Specific Professions

Particular occupations or lines of work that require special training, education, or skill.

Commercial General Liability Policy

A policy that generally provides protection for the insured for bodily injury, as well as for third parties for property injury.

Broad Range

Refers to an extensive variety or a wide spectrum of items, ideas, or options available.