Senior citizens tend to have a more elastic demand for movie theatre tickets, and thus typically pay a lower price.

Name: Senior citizens tend to have a more elastic demand for movie theatre tickets, and thus typically pay a lower price.
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Senior citizens tend to have a more inelastic demand for movie theatre tickets, meaning they are less sensitive to price changes. They typically pay a lower price due to discounts offered by theaters to attract this demographic, not because of elasticity.

Senior Citizens Tend to Have a More Elastic Demand for Movie