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A movie theater charges ticket prices of $4.50 during weekday afternoon matinee hours and $8.50 ...

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A movie theater charges ticket prices of $4.50 during weekday afternoon matinee hours and $8.50 ...

A movie theater charges ticket prices of $4.50 during weekday afternoon matinee hours and $8.50 during evening and weekend hours. Economists explain the ticket price difference by the fact that the demand for movie tickets during the weekday afternoon matinee hours is ________ but during the evening and weekend hours it is ________.

▸ more elastic; more inelastic

▸ perfectly elastic; perfectly inelastic

▸ more inelastic; more elastic

▸ unit elastic; relatively inelastic

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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miks Author

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Thanks

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this is exactly what I needed

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