Question: Food outlets in airport terminals are able to charge a higher price than their high street equivalent because demand for food in airport terminals

Food outlets in airport terminals are able to charge a higher price

Food outlets in airport terminals are able to charge a higher price than their high street equivalent because demand for food in airport terminals is: A BCD perfectly price inelastic. relatively price inelastic. perfectly price elastic. relatively price elastic.

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ANSWER C Perfectly price elastic Perfectly elastic means an infinitesimally small change in price re... View full answer

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