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Need Answe Plzz Suppose Basil's Hotel is offering a 25-percent discount on room rates to senior citizens. Suppose further that senior citizens have a price

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Suppose Basil's Hotel is offering a 25-percent discount on room rates to senior citizens. Suppose further that senior citizens have a price elasticity of demand of 1.75 for these hotel rooms. For this pricing scheme to benefit Basil's Hotel, the price elasticity of demand of non-senior citizens for the same rooms must be everything else held constant. Select one: O A. less than 1.75 B. equal to 1.75 C. greater than 1.75

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