Answer to Question #37891 in Microeconomics for Helen K.

Question #37891
Restaurants typically charge much higher prices for dinner than for lunch, despite the fact that the cost of serving these meals is about the same. Why do you think this is the case? (Hint: Think about the primary consumers of these meals and their respective elasticities.)
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Expert's answer
2013-12-19T13:00:40-0500
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