Evening showtimes are more popular with moviegoers. Movie theaters discount afternoon ticket prices in order to sell more tickets during the daytime hours. What is most likely true about the customer base during the afternoon that differs from the types of customers who go to the movies in the evenings?
A) The customers tend to be retirees who have already paid for many movies over their lifetime.
B) The customers tend to be stay-at-home parents who have relatively inelastic demand compared to the rest of the movie-going population.
C) The customers tend to be movie theater employees who could sneak in and see the movie for free; the low price deters such deceptive behavior.
D) The customers tend to be retirees, people on vacation, and those who do not work during the day and who tend to have more price-elastic demands.
E) The customers tend to be 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
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