Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

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 students Group of answer choices place a high value on their scarce time and are willing to pay higher prices than they would at locations farther from campus. 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. place a low value on their scarce time and are willing to pay higher prices than they would at locations farther from campus. place a high value on their scarce time and are unwilling to pay higher prices. 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.

Sagot :

Answer:

place a high value on their scarce time and are willing to pay higher prices than they would at locations farther from campus

Explanation:

People generally place greater value on those goods and services that have more scarcity. The students faces time scarcity as they dont have much time to visit the restaurants, bars etc so they prefer to purchasing the items from the stores that are near by their campus

So the businesses would take advantage of it and thatswhy they charged high amount from the students  

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.