Critics claim bank ATMs take advantage of which customers who suffer a poverty of time and have a strong need for convenience?
A) customers with inelastic demand schedule
B) customers with elasticity of demand
C) customers with unitary supply and demand
D) customers with supply characteristics

Question

Quizplus · Accepted Answer

Customers with inelastic demand schedules have a strong need for convenience and are willing to pay a higher price for it. Bank ATMs charge fees for transactions, which these customers are more likely to pay because they place a higher value on the convenience of being able to withdraw cash quickly and easily.

Critics Claim Bank ATMs Take Advantage of Which Customers Who