(Consider This) Children Are Charged Less Than Adults for Admission

question 153

Multiple Choice

(Consider This) Children are charged less than adults for admission to professional baseball games but are charged the same prices as adults at the concession stands.This pricing system occurs because

• A)children have an elastic demand for game tickets but an inelastic demand for concession items.
• B)children have an inelastic demand for game tickets but an elastic demand for concession items.
• C)the seller can prevent children from buying game tickets for adults but cannot prevent children from buying concession items for adults.
• D)children can personally "consume" only a single game ticket but can personally consume more than one concession item.

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Definitions:

Games Won

The total number of victories achieved in a series of games or sporting events.

Random Sample

A selection from a larger population that is made in such a way that every individual has an equal chance of being included.

Yachts

Luxury vessels used for private cruising, racing, or other recreational sailing activities.

Correlation

A statistical measure that expresses the extent to which two variables change together.