The Demand for a Movie Ticket Is Probably _________________ Than

question 75

Multiple Choice

The demand for a movie ticket is probably _________________ than is the demand for a Broadway show ticket because ______________.

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

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Definitions:

ERP

Enterprise Resource Planning, an integrated management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions.

PaaS

Platform as a Service; a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without dealing with the underlying infrastructure.

SaaS

Short for Software as a Service, it is a software distribution model in which applications are hosted by a vendor or service provider and made available to customers over the internet.

B2C

Business-to-Consumer, a sales model in which businesses sell products or services directly to the final consumer.