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One reason movie theatres charge a lower admission price to senior citizens is that

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One reason movie theatres charge a lower admission price to senior citizens is that

One reason movie theatres charge a lower admission price to senior citizens is that

▸ movie-theatre owners are able to practice perfect price discrimination.

▸ senior citizens have a less elastic demand than other movie-goers.

▸ senior citizens have a more elastic demand than other movie-goers.

▸ senior citizens have a higher willingness-to-pay than other people.

▸ government sets the price policies.

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Microeconomics

Edition: 17^th

Author: Ragan

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