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Senior citizens and students have a relatively more elastic
Course:- Business Economics
Reference No.:- EM13149036





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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.




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