The demand for a movie ticket is probably _________________ than is the demand for a Broadway show ticket because ______________.
A) less price elastic; a movie ticket requires a smaller portion of one's income.
B) more price elastic; a movie ticket requires a smaller portion of one's income.
C) less price elastic; a movie ticket has fewer available substitutes.
D) more price elastic; a movie ticket has fewer available substitutes.
Correct Answer:
Verified
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