Evening showtimes are more popular with moviegoers.Movie theaters discount afternoon ticket prices in order to sell more tickets during the daytime hours.Unlike the customers who go to the movies in the evenings,the afternoon customers tend to be
A) retirees who have already paid for many movies over their lifetimes.
B) stay-at-home parents who have relatively inelastic demand compared to the rest of the moviegoing population.
C) movie theater employees who could sneak in and see the movie for free; the low price deters such deceptive behavior.
D) retirees,people on vacation,and those who do not work during the day and who tend to have more price-elastic demands.
E) people who work or attend school and must be presented with a low price to offset their high opportunity cost of calling in sick for work or school.
Correct Answer:
Verified
Q112: An example of price discrimination is when
A)
Q113: Many electronic brands such as Apple,Hewlett-Packard,and Epson
Q114: The following table summarizes six potential customers'
Q115: When a nightclub advertises "ladies night" and
Q116: Selective private colleges advertise high tuition rates,but
Q118: In a price-discrimination setting,people with the most
Q119: A campus financial aid office uses what
Q120: Second degree discrimination,represented by the $5 foot-long
Q121: How does coupon clipping allow for price
Q122: When we say that firms must be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents