Based on the graphs showing price discrimination in movie ticket prices, an elastic demand curve prompts theatres to ______.





a. charge higher prices

b. charge lower prices

c. go bankrupt

d. add more seats

b. charge lower prices

Economics

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The sale of __________ goods is omitted from current GDP because __________

A) intermediate goods; these goods do not constitute production B) used goods; these goods were counted in an earlier year C) illegal; these goods do not constitute economic value D) b and c E) a, b, and c

Economics

A government-inhibited good is often

A) produced by the government. B) subsidized. C) taxed. D) advertised.

Economics