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The demand for movie tickets is elastic as if the price of movie tickets go up people will try to deny seeing movie as it is not necessary for survival and is one the luxury . It may not be affected if the person is rich and if he is rich he can easily buy the tickets and buying the tickets will require only small portion of his income .
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Demand for movie rentals is highly elastic what will happen if a video store is the price for a rental?
b lose revenue
If people demand more of product A when the price of B falls then A and B are?
Compliments. Think movie tickets and popcorn. If movie tickets are less expensive, more people will attend movies, and the demand for popcorn will rise. Another relationship is substitute goods. If the price of oranges rises, the demand for apples will increase.
Demand for movie rentals is highly elastic what will happen if a video store raises the price of a rental?
If a video store raises the price of a rental in a market where demand is highly elastic, it is likely to experience a significant drop in the quantity of rentals sold. Customers may seek alternative options, such as streaming services or competing rental stores, leading to a decrease in overall revenue. The price increase may drive price-sensitive consumers away, ultimately harming the store's profitability.
How did the appearance of television affect the elasticity of demand for movies?
The appearance of television reduced the elasticity of demand for movies by providing consumers with an alternative source of entertainment at home, thus making them less sensitive to changes in movie ticket prices. As television became more popular, it shifted consumer preferences, leading to a decrease in the frequency of movie-going. However, for certain segments of the market, such as families or specific demographics, the demand for movies became more inelastic, as they continued to value the unique experience of cinema over home viewing. Overall, television introduced competition that influenced consumer behavior and price sensitivity in the movie industry.
What determines the quantity of movie tickets that sellers supply?
god
If you were a business owner how would you use price elasticity of demand to determine?
"Price Elasticity of Demand" is a measure of how much the demand for a good or service changes when the price changes. For example, most of us drive our cars to work. We drive our cars to work whether the price of gasoline is $1.50 a gallon or $3.95 a gallon. The demand is "INELASTIC" or not changing, no matter what happens to the price. Some people can cut back our leisure driving, or carpool, or take public transit - but others cannot. Truck drivers can't stop when diesel fuel gets too expensive. Movie ticket prices are inelastic; ticket prices have gone from $3 to $5 to $8 to $10 without affecting ticket sales. Airplane tickets, on the other hand, are fairly elastic; when the price goes up, the demand goes down. Once you figure out what the price elasticity is for your product, you can figure out how to maximize your profits by either raising prices if the price is inelastic, or CUTTING prices to increase sales if the price is very elastic.
What wouldn't change the demand for movie tickets?
A change in the price of movie ticket.
Why the Movie theaters charge lower prices to see a movie in the afternoon than in the evening?
Inelastic demand is the reason why movie theaters charge less in the afternoon than in the evening.
What is that cost of movie tickets in 2012?
prices of ticket in 2012 depends on Demand of movies
Demand for movie rentals is highly elastic what will happen if a video store is the price for a rental?
b lose revenue
If people demand more of product A when the price of B falls then A and B are?
Compliments. Think movie tickets and popcorn. If movie tickets are less expensive, more people will attend movies, and the demand for popcorn will rise. Another relationship is substitute goods. If the price of oranges rises, the demand for apples will increase.
Where to find coupons for movie tickets?
Movie tickets are offered pretty frequently secondhand. Many people purchase movie tickets in advance and sell them when the demand goes high. These businesses also offer coupons for multiple ticket packages, which makes them advantageous if you have friends (or a boyfriend).
What are the sites to book movie tickets?
You can buy movie tickets at fandango.com.
How can one obtain free movie tickets?
One can obtain free movie tickets on "Fandango" or one could ask a family member or friend to buy them movie tickets. Those are the only ways to get free movie tickets.
If movie tickets cost 9.80 each how much for 7 movie tickets?
$68.60
Have we already taken the tickets for the movie theater?
Have the movie theater tickets been purchased already?
Mai ha $36 to spend on movie tickets. Each movie ticket cost $4.50 how many tickets can she buy?
She can buy 8 tickets.
