The Wall Street Journal once reported on dating services, noting that the fees were $300 for men and $250 for women. The owner of the service said that the difference in fees was to compensate for inequalities in pay scales for men and women. What is an alternative reason for this difference?
Answer More women than men use dating services.
More men than women use dating services.
Men like to brag about how much they spend on dating services.
Men have less price elastic demands for dating services than women.
Women have less price elastic demand than men.