Restaurants,bars,and Convenience Stores Are Often Located near College Campuses

question 86

Multiple Choice

Restaurants,bars,and convenience stores are often located near college campuses.These businesses frequently charge higher than normal prices.They are taking advantage of the fact that:

• A) students are able to pay higher prices than the rest of the population, so the businesses can charge higher prices than they otherwise would have been able to charge.
• B) students are unable to pay higher prices than the rest of the population, but they are able to succeed because they can sell to a large number of people.
• C) students place a high value on their scarce time and are willing to pay higher prices than they would at locations farther from campus.
• D) students place a low value on their scarce time and are willing to pay higher prices than they would at locations farther from campus.
• E) students place a high value on their scarce time and are unwilling to pay higher prices; but because students are spending their parents' money, they buy from businesses closer to campus anyway.

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Definitions:

Crista Galli

A vertical protrusion of the ethmoid bone in the brain that serves as an attachment point for the falx cerebri, a membrane that divides the two cerebral hemispheres.

Styloid Process

A pointed piece of bone that extends from the temporal bone of the skull, serving as an attachment point for muscles and ligaments of the tongue and neck.

Frontal

Referring to the forehead or the front part of something, particularly in anatomy, it pertains to the front part of the brain or the frontal bone of the skull.

Maxilla

A pair of bones forming the upper jaw and part of the orbits surrounding the eyes, essential for facial structure.