Senior citizens and students have a relatively less elastic, Ask an Expert

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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9439180

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