Movie theatres offer senior discounts because
a. Seniors have a more elastic demand for movie tickets
b. Seniors have lower incomes
c. Seniors have a lower opportunity cost of time
d. All of the above
d
Economics
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A budget constraint is a straight line because:
A) the tastes and preferences of the consumer change along the constraint. B) a consumer faces a fixed price of both goods that do not change with changes in consumption. C) the opportunity cost of buying each of the goods changes along the constraint. D) a consumer has a limited money income.
Economics
The European System of Central Banks signals the stance of its monetary policy by setting a target for the
A) federal funds rate. B) overnight cash rate. C) lombard rate. D) reserve rate.
Economics