Movie theaters charge lower prices to see a movie in the afternoon than in the evening because there is an
A)inelastic supply of movies in the evening.
B)elastic demand to see movies in the evening.
C)elastic demand to see movies in the afternoon.
D)inelastic demand to see movies in the afternoon.

Question

Quizplus · Accepted Answer

The demand to see movies in the afternoon is more elastic because consumers are more sensitive to price changes during this time, likely due to alternative ways they could spend their time. Lower prices are used to attract more viewers when demand is more price-sensitive.

Movie Theaters Charge Lower Prices to See a Movie in the Afternoon