Why will tourists likely have a more inelastic demand curve for restaurant food than will locals?

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Why will tourists likely have a more inelastic demand curve for restaurant food than will “locals”?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:00 AM

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Why will tourists likely have a more inelastic demand curve for restaurant food than will locals?

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Tourists have little time to price shop ...View the full answer

Economics Barrons Business Review Series

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