A movie theater price discriminates by charging children and seniors lower prices than adults because the demand function for children is

A movie theater price discriminates by charging children and seniors lower prices than adults. The theater is assuming that children and seniors have a more ______________(elastic / inelastic) demand than adults.

Some movie theatres charge lower ticket prices for students. What is the reason for such price discrimination? Answer based on your learnings from this module.Students have a lower willingness to pay for tickets.The marginal cost of providing a seat to student is greater than the marginal cost of providing a seat to others.The movie theatres want to limit non-student consumers.The movie theaters can lower the sales because of price discrimination.

Which of the following situations best demonstrates the law of demand?Group of answer choicesMovie-goers react to an increase in the price of a theater ticket by seeing fewer movies per year.Movie-goers see fewer movies per year due to an overall decrease in the quality of newly released motion pictures.A drought causes a decrease in the availability of pumpkins, resulting in fewer jack-o-lanterns displayed on Halloween.An increase in the number of people writing Economics textbooks results in a decrease in average textbook prices.

Which of the following is not an example of price discrimination?Group of answer choicesAn ice cream parlor charges a higher price for ice cream than for sherbet.A university rebates part of the cost of tuition in the form of financial aid for economically marginalized students.A movie theater charges a lower price for a child's ticket than for an adult's ticket.A local pizza chain offers a "buy three get one free" deal.

Which of the following is an example of second-degree price discrimination? Group of answer choicesa theatre that offers lower prices for seniorsan electricity company that offers lower prices for new customersa gym that charges everybody the same membership and per visit feesan airline company that offers a special discount to international students who fly from Shanghai to Sydneynone of the other answers