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20 March, 19:20

Movie theaters tend to charge higher ticket prices for evening and weekend shows. This implies that the demand for these tickets is relatively: A. inelastic B. elastic C. necessary D. unresponsive to income changes 5

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  1. 20 March, 22:47
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    A. inelastic

    Explanation:

    Inelastic demand is when people buy about same amount whether price drops or rises.

    Even with the higher changes in the prices in the cinema, there is not considerable impact on Movie going audience. Also, addition to it, people go to cinemas at evening and weekend shows more than daytime shows or weekday shows even the tickets have price higher.

    This shows that the inelastic nature of movie ticket demand.
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Home » Business » Movie theaters tend to charge higher ticket prices for evening and weekend shows. This implies that the demand for these tickets is relatively: A. inelastic B. elastic C. necessary D. unresponsive to income changes 5
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