Question
A local cinema is able to identify two groups of customers for cinema tickets students who pay a price of P2, and all other customers
A local cinema is able to identify two groups of customers for cinema tickets students who pay a price of P2, and all other customers who pay a price of P1. If the price elasticity of demand for cinema tickets on the part of students is -5, and the price elasticity of demand for all other customers is -3, then the ratio of P1 to P2 is
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
