+1-415-670-9189
info@expertsmind.com
Senior citizens and students have a relatively more elastic
Course:- Business Economics
Reference No.:- EM13149036





Assignment Help >> Business Economics

One reason movie theatres charge a lower admission price to senior citizens and students is because: Movie theater owners feel bad for these lower income groups. Senior citizens and students have a relatively less elastic demand compared to other potential moviegoers. The government requires lower prices for senior citizens and students. Senior citizens and students have a relatively more elastic demand compared to other potential moviegoers.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Find out the most recent data for Bolivia that can be used to compute its new human development index (NHDI). Make a table to table to record data/values of different componen
What is the percent value of the bond in the absence of inflation if the market interest rate is 8%? (b) What would happen to the value of the bond if the inflation rate ove
What are some of your favorite TV or Internet ads? Why? How effective are the message and creative strategies? How are they creating consumer preference and loyalty and buildi
An engineering company in Virginia that owns 250 acres of valuable land has decided to lease the mineral rights to a mining company. The primary objective is to obtain long te
Identify what kinds of recent trends suggest an erosion of state governing capacity. Share one or more example. What are your thoughts on these changes? Are they for the bette
Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program to
Consider a game in which there are two players, A and B. Player A moves first and chooses either Up or Down. If A chooses Up, the game is over, and each player gets a payoff o
One explanation for China's rapid economic growth during the past several decades is its expansion of policies that encourage "technology transfer." Analyze this change using