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Are people retarded when it comes to the demand inelasticity of Common goods?
>Gelato is the same cost as frozen yogurt $5
> 5 guys meal 15$ or In n out meal 6.95
>2 Mcdonalds biscuits and coffee 11$ or restaurant breakfast
>authentic sushi bar with a 4 course meal 10$ or Panda express with small portions 9$
>subway footlong 7.50 or whole foods gourmet sub 8.50
can it be argued that frozen yogurt and 5 guys, mcdonalds is a luxury good?
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>>1541982
>2 Mcdonalds biscuits and coffee 11$
Where do you live?
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>>1541994
At an airport?
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>>1541982
>authentic sushi bar with a 4 course meal $10
What? Rotating sushi places will cost more than $10 in a half decent area
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>>1541997
>Rotating sushi places
And that stuff is fucking garbage.
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>>1541982
Brand names have value. To paraphrase a big franchise owner, as long as you season the fuck out of the food and make it really hot or cold, people will remember it and visit the chain again, particularly if they went there as a child.
On top of that, as much as we would like to deny it, middle class snobbery exists everywhere. Eating at a chain restaurant is a status symbol.
Anecdotally, I've noticed that there are plenty of places that are so used to not getting any outside traffic that they become totally inaccessible. I once encountered a "Sal's Bar & Grill" that was actually a pool hall with a tiny bar that served soup. Pizza restaurants that only do takeout. Family seafood restaurants with plates starting at $18. Restaurants that are actually event halls. Cafés where half of the clientele are toddlers and a dog being babysat by the owner. Cafés with English signage but only Spanish-speaking staff. Restaurants that are actually nightclubs, but the day manager will microwave you a burrito if he's awake. Restaurants that are closing tomorrow so all they have are hot dogs and beer.
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>>1542022
>Eating at a chain restaurant is a status symbol
I don't know about other big cities, but in LA, that status is "I don't have much money".
No one with money goes to eat at Olive Garden or Outback Steakhouse.
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>eating out
No wonder you guys have no money.
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>>1542886
Idiot, the point isnt not to spend but to earn more
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>>1542967
No it's not retarded. I know so many "rich" people who earn a lot but are debt slaves because they just have to have cars and watches and shit food. Get a grip
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>>1542886
lol don't get me started when it comes me and home cooked meals
I go full autist measuring the costs of meals, feels good mane
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