One reason movie theatres charge a lower admission price to senior citizens is that
A) movie-theatre owners are able to practice perfect price discrimination.
B) government sets the price policies.
C) senior citizens have a more elastic demand than other movie-goers.
D) senior citizens have a less elastic demand than other movie-goers.
E) senior citizens have a higher willingness-to-pay than other people.
Correct Answer:
Verified
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