Scenic Cinemas surveyed its audience and found that while most movie goers prefer weekends, seniors visit on weekdays. How should the theatre respond?
a. Increase prices for the weekday shows, decrease the prices for the weekend shows
b. Decrease both the weekday and weekend ticket prices
c. Decrease prices for the weekday shows, increase prices on the weekends
d. Increase both the weekday and weekend prices
c
You might also like to view...
Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. To Liza
A) ice cream is a normal good and hot fudge is an inferior good. B) ice cream and hot fudge and substitutes. C) ice cream and hot fudge are normal goods. D) ice cream and hot fudge are complements.
Crop lien laws that existed in the South in the late 19th century:
a. allowed country stores to require debtors to repay their debts in cotton. b. led to the under-production of cotton. c. protected sharecroppers from exploitation by banks and other lending institutions. d. redistributed property by providing small farms for freed slaves. e. All of the above.
Mortgages with variable interest rates: a. increase the risk of expected inflation to creditors. b. increase economic efficiency. c. are offered at interest rates that can be adjusted to changes in inflation over time. d. make borrowers worse off when inflation increases
e. shift the risk of unexpected inflation from the borrower to the lender.
Which component of aggregate demand is most impacted by the foreign trade effect?
a. investment spending b. consumption c. net exports d. government purchases