When the movie Jurassic Park debuted in Westwood, California, the price of tickets was $7.50. After several months the ticket price had fallen to $4.00. This is an example of:

Question

Quizplus · Accepted Answer

The reduction in ticket price from $7.50 to $4.00 after several months does not fit the definitions of peak-load pricing, second-degree price discrimination, a two-part tariff, or tying. This scenario likely reflects a standard pricing strategy to attract more viewers as the initial demand decreases over time, rather than a specific pricing model mentioned in the options.

When the Movie Jurassic Park Debuted in Westwood, California, the Price