Concepts of elasticities, Groupon is a popular group

Concepts of elasticities

Reference no: EM1367104

Groupon is a popular group purchasing and daily deals website. In a recent advertisement, a local restaurant to sold buffet vouchers at a steep discount on Groupon's website. Customers who turn up at the restaurant without the vouchers will have to pay full price. Suggest reasons for the two - part pricing offered by the restaurant using the concepts of elasticities.

Reference no: EM1367104

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