Hollywood Amusement, a small independent movie theatre, decreased the price of admission from R10 to R9.Prior to the price decrease, the business sold 1 000 tickets each month.After the price decrease, it experienced ticket sales of 1 500 a month.If the change in sales is attributable only to the change in price, Hollywood Amusement faces ____ for its movie tickets.

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When the price of admission decreased, there was an increase in the quantity of tickets sold. This shows that customers are sensitive to the change in price, and therefore the demand for Hollywood Amusement's movie tickets is elastic.

Hollywood Amusement, a Small Independent Movie Theatre, Decreased the Price