Why might a movie theater charge a lower admission price for the first show on weekday afternoons than they do for a weeknight or weekend show?a) Demand is lower for the weekday afternoon showing of the movie than for the weeknight or weekend showing.b) The supply of seats in the theater is greater on a weekday afternoon and the demand to see the movie is lower for the weekday afternoon showing.c) Theaters like to show with the lower prices that they want every income group to attend their movies.d) The supply of seats in the theater is greater on a weekday afternoon.
Why might a movie theater charge a lower admission price for the first show on weekday afternoons than they do for a weeknight or weekend show?a) Demand is lower for the weekday afternoon showing of the movie than for the weeknight or weekend showing.b) The supply of seats in the theater is greater on a weekday afternoon and the demand to see the movie is lower for the weekday afternoon showing.c) Theaters like to show with the lower prices that they want every income group to attend their movies.d) The supply of seats in the theater is greater on a weekday afternoon.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Why might a movie theater charge a lower admission
a)
b) The supply of seats in the theater is greater on a weekday afternoon and the demand to see the movie is lower for the weekday afternoon showing.
c) Theaters like to show with the lower prices that they want every income group to attend their movies.
d) The supply of seats in the theater is greater on a weekday afternoon.
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