Theatres has determined that the price elasticity of demand for two customer segments (A Student Ticket to a Movie and a
Posted: Fri Jul 01, 2022 7:56 am
Theatres has determined that the price elasticity of demand fortwo customer segments (A Student Ticket to a Movie and a GeneralAudience Ticket) is -1.25 and -1.4633. Based ontheir expectations of profitability, Theatres realizes the price ofa General Ticket should be $12.00. How much should Theatres chargefor its Student Ticket?
**Please show work and use accurate numbers in theequation**
MRA = P₁1+ PA 1 EA = m = PB 1+ 1 EB MRB
- Theatres Has Determined That The Price Elasticity Of Demand For Two Customer Segments A Student Ticket To A Movie And A 1 (5.3 KiB) Viewed 35 times
MRA = P₁1+ PA 1 EA = m = PB 1+ 1 EB MRB