Movie theatres offer seniors discounts because
a. Seniors have a more inelastic demand for movie tickets
b. Seniors have a more elastic demand for movie tickets
c. Seniors have a higher opportunity cost of their time
d. Only B&C
b
You might also like to view...
If the price of the Brazilian real is 60 cents and a U.S. resident purchases a Brazilian-manufactured item for 60,000 real, there will be
A) a quantity demanded of 60,000 real and a quantity supplied of $60,000. B) a quantity demanded of 60,000 real and a quantity supplied of $36,000. C) a quantity demanded of 60,000 real, but we cannot determine the effect in the market for dollars. D) a quantity supplied of 60,000 real and a quantity demanded of 60,000 yen.
Which of the following would increase the supply of physicians?
a. Increasing the cost of attending medical school. b. More scholarships and grants to cover medical school tuition. c. Increasing the medical school entrance requirements to include 15 hours of economics. d. Making it easier for plaintiffs to prove medical malpractice claims. e. Paying medical schools to eliminate residency opportunities in some specialties.