If a Profit-Maximizing Restaurant Is Going to Increase Its Revenues

question 64

Multiple Choice

If a profit-maximizing restaurant is going to increase its revenues by charging senior citizens (persons age 65 and over) lower prices than other customers,

• A) the demand of senior citizens for the services of the restaurant must be inelastic.
• B) senior citizens must have lower incomes than other potential customers.
• C) the demand of senior citizens for the services of the restaurant must be elastic.
• D) senior citizens must have higher incomes than other potential customers.
• E) other customers must enjoy food more than senior citizens.

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Definitions:

Abstinence

The deliberate avoidance of engaging in certain behaviors or consuming substances, especially those that are addictive or harmful.

Positive Outcome Expectancy

Positive outcome expectancy is the belief or anticipation that certain behaviors will lead to desirable results, often influencing decision-making and behavior in individuals.

Substance Use

Substance use involves the consumption of drugs, alcohol, or other substances, and can range from moderate use to dependency or addiction.

Relapse Rates

The frequency at which individuals who have recovered from a condition or addiction return to their previous state or behavior.