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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.
What determines the quantity of movie tickets that sellers supply?
god
Price Elasticity of Demand?
When the price of something you're used to paying for increases do you buy less of it? Or if the price suddenly drops do you buy more of it? Economists call this effect the price elasticity of demand. They use a formula to determine just how price elastic the demand for certain goods are. What about that premium coffee you buy on your way to work? What if the price suddenly jumped from $3.00 to $4.50? That's an increase of 50%. Well, you might rightly consider buying your coffee from the drive-up at the fast food place or purchasing your own coffee at the grocery store and brewing it in a travel mug for your commute. The demand for such "luxury" coffee can be considered price elastic. On the other hand, think about this in terms of gasoline. If you're like most Americans you drive a car in order to get to work and run errands. When the price of gas goes up do you stop buying as much gas? Maybe a little bit, but most likely, you continue driving the same number of miles you drove before because you have to. Consequently, you end up purchasing the same number of gallons of gasoline you did last week, even if the price has jumped by 50%. That's because fuel is traditionally price inelastic. The changes in the price do not alter demand by very much in the short run. Factors that affect the price elasticity of demand are the availability of alternative goods or services, levels of discretionary income, and timeframe. As we saw in the example of the coffee, where an alternative source offers a substitute for the "luxury" good demand is price elastic. However, with gasoline there are no good short-term alternatives, so the demand stays relatively flat while prices fluctuate. Your level of discretionary income is also an important factor. If your income level rises or drops, you may find your own reaction to certain goods and services moving in concert. Things you were unwilling to give up before become much easier to do without when your income falls. Also, the timeframe plays an important role in price elasticity of demand. Imagine that gas prices rise, as in the example above, but instead of dropping back down again they stay elevated for years at a time. This would cause people to seriously reconsider their reliance on a personal automobile. We'd see people start to ride bicycles more, or an increase in carpooling, or greater acceptance of public transportation. While the demand for a good may be price inelastic in the short run, it may well become elastic in the long run.
How do you get ON DEMAND?
you get movies on demand by pressing on demand on your controller and then it says free on demand on the side it says movies and you click that and it says 3.99 $ movies and press whatever and there you go but if you don't want to buy it just go on demand and press preview or what ever i forgot and it will say HBO....STAR... and more you click one and find a movie and there hoped this helped...:)by....lillatina Dominican chick .....ruby rodriguez.....Carla Delacruz
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
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.
Where can you get tickets for Death Note 3?
You can buy the tickets at Fathomevents.com or at the movie theatre where they're showing the movie.
