The Demand for a Movie Ticket Is Likely _____ Price

question 27

Multiple Choice

The demand for a movie ticket is likely _____ price elastic than the demand for a Broadway show ticket because a movie ticket _____.

• A) less; requires a smaller portion of one's income
• B) more; requires a smaller portion of one's income
• C) less; has fewer available substitutes
• D) more; has fewer available substitutes

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Definitions:

Obsessive-Compulsive Checkers

Individuals who excessively check things (such as locks, appliances, and switches) due to fears and anxieties related to obsessive-compulsive disorder.

Obsessive-Compulsive Cleaners

Individuals who experience a compulsive need to clean or organize as a symptom of obsessive-compulsive disorder (OCD).

Phobias

Intense, irrational fears of specific objects or situations that pose little or no actual danger.

Rituals

A sequence of activities involving gestures, words, and objects, performed in a sequestered place, and designed to influence preternatural entities or forces on behalf of the participants' goals and interests.