If a Movie Theater Is Going to Gain by Charging

question 134

Multiple Choice

If a movie theater is going to gain by charging students a dollar less than other customers,

• A) the demand of students must be more elastic than that of other customers.
• B) the demand of students must be less elastic than that of other customers.
• C) students must have higher incomes than other customers.
• D) other customers must enjoy movies more than students.

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Definitions:

Acclimation

The process of an organism adjusting to change in its environment, allowing it to survive and reproduce.

Habituation

A process by which an animal decreases or stops its response to a repetitive stimulus that does not bring any inherent reward or harm.

Empiricist

A person or theory that emphasizes the role of sensory experience in the formation of ideas, arguing that knowledge comes primarily from experience.

Rene Descartes

A 17th-century French philosopher, mathematician, and scientist who is considered one of the founders of modern philosophy.